Ralph Corpuntion mumufctures nroproducts, chese asd butter, in a single process. Cheese sells for $14 per pound, and butter sells for $15 per pound. During the muath the juint coss related to the procss amounted to 581,000 . In addition, 5,000 pounds of cheese and 4,000 pounds of butter were produced. Separable prosvigy coss beyod the split-olf point were chesese at 515,000 and butter at SI5,000. Required: L. Decrmine the arsuat of joint costs allocated to chose using the net realizable value method. 2. Explin in what scomanos the aet realizable value method would be useful. Ralph Corpuntion mumufctures nroproducts, chese asd butter, in a single process. Cheese sells for $14 per pound, and butter sells for $15 per pound. During the muath the juint coss related to the procss amounted to 581,000 . In addition, 5,000 pounds of cheese and 4,000 pounds of butter were produced. Separable prosvigy coss beyod the split-olf point were chesese at 515,000 and butter at SI5,000. Required: L. Decrmine the arsuat of joint costs allocated to chose using the net realizable value method. 2. Explin in what scomanos the aet realizable value method would be useful