Question 25 (4 points) Dairy Farms processes unprocessed milk to produce two products, Butter Cream and Condensed Milk. The following information was collected for the month of February: Direct Materials 22,500 gallons (after shrinkage) processed: Production: Butter Cream 10,500 gallons Condensed Milk 12,000 gallons Sales: Butter Cream Condensed 10,000 gallons 11,500 gallons Milk Sales Price: Butter Cream Condensed $6.00 per gallon $7.50 per gallon Milk Separable costs in total: Butter Cream $14,000 Condensed Milk $34,900 The cost of purchasing the of unprocessed milk and processing it up to the split-off point to yield a total of 22,500 gallons of saleable product was $53,000. The company uses constant gross-margin percentage NRV method to allocate the joint costs of production. What is the allocated joint costs of Condensed Milk? (Round intermediary percentages to the nearest hundredth.)