Renkas Company is one of the world's leading corn refiners. It produces two joint productscorn syrup and corn starch-using a common production process. In July 2017, Renkas reported the following production and selling-price information: 3(Click the icon to view the information.) Requirement Allocate the $322,000 joint costs using the NRV method. (Round the weights to two decimal places.) Corn syrup Corn starch Total Final sales value of total production i Data Table Deduct separable costs NRV at splitoff point Weighting Corn Syrup Corn Starch Joint Costs $ 322,000 Joint costs allocated $ 375,000 $ 93,750 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 12,500 6,250 $ 50 $ 25 Print Done