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Rieppel Company is one of the world's leading com refiners. It produces two joint products-corn syrup and corn starch-using a common production process. In July
Rieppel Company is one of the world's leading com refiners. It produces two joint products-corn syrup and corn starch-using a common production process. In July 2017, Rieppel reported the following production and selling price information: (Click the icon to view the information.) Requirement Allocate the $326,000 joint costs using the NRV method. (Round the weights to two decimal places.) Corn syrup Corn starch Total X Data table Final sales value of total production Deduct separable costs NRV splitoff point Weighting Joint costs allocated Corn Syrup Corn Starch Joint Costs 326,000 $ 361,680 S 83,020 0 0 Joint costs (costs of processing corn splitoff point) Separable cost processing beyond splitoit point Beginning inventory (cases) Production and Sales (cases) Ending inventory (cases) Selling price per case 12,700 6,200 0 0 $ 49 S 22 Print Done
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