Question 2: (35 points) (Note: You MUST use the given template below the black line to answer.) Berkel Company processes sugar cane into three products. Information pertaining to production in July, 2020 is as follows: Product Units Produced Wholesale Selling Price per unit at Split-off Point $10.00 20,000 Sugar Sugar Syrup Fructose Syrup 15,000 $14.00 $20.00 5,000 During July, 2020 the joint costs of processing were $600,000. A special shipment of 5,000 units of sugar syrup and 2,000 units of Fructose Syrup has been destroyed in a fire. Berkel Company insurance policy provides reimbursement for the cost of the items destroyed. The insurance company permits Berkel Company to use a joint cost allocation method. Required A. Compute the cost of the special shipment destroyed using sales value at split-off method. (20 marks) B. Compute the cost of the special shipment destroyed using physical measure method. (15 marks) (Note: You MUST use the given template below the black line to answer.) Template for Question 2: A. Compute the cost of the special shipment destroyed using sales value at split-off method. (20 marks) Workings: Units of Product Wholesale SP Sales Value Weighting: Joint costs Allocated Product per unit at Splitoft SV at Splitoff allocated costs per unit Sugar Sugar Syrup Fructose Syrup Calculation of cost of the special shipment destroyed using sales value at split-off method Product Units destroyed Allocated unit cost Cost of the items destroyed Cost of the special shipment destroyed using sales value at split-off method B. Compute the cost of the special shipment destroyed using physical measure method. (15 marks) Workings: Units of Weighting Joint costs Allocated Product Product Physical allocated costs per unit Measures Sugar Sugar Syrup Fructose Syrup Calculation of cost of the special shipment destroyed using physical measure method Product Units destroyed Allocated unit cost Cost of the items destroyed Cost of the special shipment destroyed using physical measure method