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Part $1$

Star Company is one of the$$ world's leading corn refiners. It produces two joint productslong dashcorn syrup and corn starchlong dashusing a common production process. In July $2020,$ Star reported the following production and$$ selling$-$price information:

Requirement

Allocate the $ $329$ comma $000$ joint costs using the NRV method. $($Round the weights to two decimal$$ places.$)$

Corn syrup

Corn starch

Total

Final sales value of total production

Deduct separable costs

NRV at splitoff point

Weighting

Joint costs allocated

Data table

$\backslash$table$[[,$A$,$B$,$C$,$D$],[1,,$Corn Syrup,Corn Starch,Joint Costs$],[2,$Joint costs $($costs of processing corn to splitoff point$),,,329,000],[3,$Separable cost of processing beyond splitoff point,$404,910,107,590,],[4,$Beginning inventory $($cases$),0,0,],[5,$Production and Sales $($cases$),12,100,6,600,],[6,$Ending inventory $($cases$),0,0,],[7,$Selling price per case,$53,27,]]$