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QUESTIONS The Arnheim Company processes unprocessed milk to produce two products, Butter Cream and Condensed Mik. The following information was collected for the month of June Direct Materials processed: 32.500 gallons Production Butter Cream 15.000 gallons Condensed Milk 17.500 gallons Sales Butter Cream 14,500 galons Condensed MK 17,000 palons Sales Butter Cream $4.00 per gallon Condensed Milk $5.50 per gallon Separable costs in Butter Cream $17,0001 total: Condensed Milk $35,600 The cost of purchasing the unprocessed milk and processing it up to the split-off point to yield a total of 32,500 gallons of saleable product was $72,400 The company uses the constant gross-margin percentage NRV method to allocate the joint costs of production. What is the allocated joint cost of Condensed MIK? $35,600 O $17,000 O $41,400 $31,000