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Question 56 15 pts The Green Company processes unprocessed goat milk up to the spirit-off point where two products, condensed goat milk and skim goat

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Question 56 15 pts The Green Company processes unprocessed goat milk up to the spirit-off point where two products, condensed goat milk and skim goat milk result. The following information was collected for the month of October Direct Materials 104.000 gallons after shrinkage) processed: Condensed goat Production 45.500 gallons milk Skim goat milk 58,500 gallons Condensed goat Sales $5.00 per gallon milk Skim goat milk $4.50 per gallon The costs of purchasing the of unprocessed goat milk and processing it up to the split-off point to yield a total of 104,000 gallons of saleable product was $186,480. There were no inventory balances of either product. Condensed goat milk may be processed further to yield 45,000 gallons (the remainder is shrinkage) of a medicinal milk product, Xyla, for an additional processing cost of $4 per usable gallon. Xyla can be sold for $19 per gallon. Skim goat milk can be processed further to yield 57,200 gallons of skim goat ice cream, for an additional processing cost per usable gallon of $4. The product can be sold for $9 per gallon There are no beginning and ending inventory balances. Requirement: Using estimated net realizable value, what amount of the joint costs would be allocated Xyla and the skim goat ice cream? (Round intermediary percentage calculations to the nearest hundredth.) $93.240 and $93.240 $86,448 and $100,032 $130,984 and $55,496 $675.000 and $286.000

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