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 processed: 22,500 gallons (after shrinkage) Production: Butter Cream 10,500 gallons Condensed Mik 12.000 gallons Sales: Butter Cream 10,000 gallons Condensed Milk 11.500 gallons Sales Price: Butter Cream $6.00 per gallon Condensed $7.50 Milk per gallon Separable Butter Cream $14,000 costs in total: 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.)