Required: Allocate $329,000 joint costs using the NRV method Joint costs of processing corn to split off point Separable costs of processing beyond splitoff point Beginning inventory (cases) Production and sales (cases) Ending inventory (cases) Selling price per case Corn Syrup Corn Starch Joint Costs 406,340 97,060 0 0 13,000 5,900 0 0 26 51 329,000 Sales value of total production (sales * s.p) Deduct separable costs NRV Weightning (NRV/Total NRV) Joint costs allocated (Weightning * Joint costs) Corn Syrup Corn Starch Total 663000 153400 816400 406340 97060 503400 256660 56340 313000 0.82 0.18 1 269780 59220 329000