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Renkas Company is one of the world's leading corn refiners. It produces two joint products-corn syrup and corn starch--using a common production process. In July
Renkas Company is one of the world's leading corn refiners. It produces two joint products-corn syrup and corn starch--using a common production process. In July 2017, Renkas reported the following production and selling-price information: Click the icon to view the information) Requirement Allocate the $325,000 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 Enter any number in the edit fields and then click Check Answer All parts showing Clear All Check Answer s in Renkas. Company is one of the world's leading com refiners. It produces two joint products.com syrup and.com i Data Table - X R A Corn Syrup Corn Starch Joint Costs $ 325,000 $ 406,340 $ 97,060 0 0 $ Joint costs (costs of processing corn to splitoff point) Separable cost of processing beyond splitoff point Beginning inventory (cases) Production and Sales (cases) Ending inventory (cases) Selling price per case D 13,000 5,900 0 N 0 VI $ 51 $ 26 Print Done Enter any number in the edit fields and then click Check Answer ? All parts showing Clear All Check
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