Renkas Company is one of the world's leading com refiners. It produces two joint products, com...

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Renkas Company is one of the world's leading com refiners. It produces two joint products, com syrup and comstarch, using a common production process. In July. Renkas reported the following production and selling price information (Click the loon to view the production and selling price information) Required Allocate the $323,000 joint costs using the NRV method (Round the weightings to two decimal places.) Final sales value of total production Deduct separable costs NRV spilt point Weighting Joint costs allocated Com Synp Cornstarch Total Production and selling price information Joint costs (costs of processing com to spinoff point) Separable cost of processing beyond spitoff point Beginning Inventory (cases) Production and sales (cases) Ending Inventory (cases) Selling price per case - X Com Syrup Comstarch Joint Costs $ 323.000 430,500 $ 94,740 12.900 6.500 0 B $ 52 5 25 Time Remaining: 00:31:02 Submit test Renkas Company is one of the world's leading com refiners. It produces two joint products, com syrup and comstarch, using a common production process. In July. Renkas reported the following production and selling price information (Click the loon to view the production and selling price information) Required Allocate the $323,000 joint costs using the NRV method (Round the weightings to two decimal places.) Final sales value of total production Deduct separable costs NRV spilt point Weighting Joint costs allocated Com Synp Cornstarch Total Production and selling price information Joint costs (costs of processing com to spinoff point) Separable cost of processing beyond spitoff point Beginning Inventory (cases) Production and sales (cases) Ending Inventory (cases) Selling price per case - X Com Syrup Comstarch Joint Costs $ 323.000 430,500 $ 94,740 12.900 6.500 0 B $ 52 5 25 Time Remaining: 00:31:02 Submit test