! Required information {The following information applies to the questions displayed below.] California Orchards reports the following sales data for the year ended December 31. Grade of Walnuts Number 1 Number 2 Number 3 Total Sales $ 504,000 336,000 210,000 $ 1,050,000 The company incurred the following joint costs for the year. Tree pruning and care Pickup, sorting, and grading $ 588,000 168,000 Required: 1. Use the value basis to allocate joint costs to the three grades of walnuts on the basis of sales value. Required: 1. Use the value basis to allocate joint costs to the three grades of walnuts on the basis of sales value. x Indirect Cost Allocated Cost Allocation of joint costs on the basis of sales values. Grade Allocation Base Percent of Allocation Base Numbers Numerator Denominator % of Total Number 1 Number 2 Number 3 Totals