QUESTION 5: Producing Company produces corn into frozen corn on the cob, niblets, and creamed corn. During the summer the joint costs of processing the corn were $830,000. There was no beginning or ending inventories for the summer. Production and sales value information for the summer were as follows: Sales Value at Split off Point Product Cases Separable Costs Selling Price Frozen cobs Niblets Creamed 150,000 175,000 200,000 $10 per case $9 per case $7 per case $5.00 per case $4.00 per case $3.00 per case $18 per case $19 per case $9 per case REQUIRED: Show all calculations for full marks Prepare a table presenting the amount allocated to each product if the estimated net realizable value method is used and compute the cost per case for each product. Cost per case includes the joint costs and separable costs (if applicable). (Hint: Producing will only process the products further if the additional income is positive. Make sure you consider this when calculating net realizable value.) (7 Marks)