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Rovet Company is one of the world's leading com refiners. It produces two joint products, corn syrup and cornstarch, using a common production process. In
Rovet Company is one of the world's leading com refiners. It produces two joint products, corn syrup and cornstarch, using a common production process. In July 2018 Rovet reported the following production and selling price information Click the icon to view the production and selling price information) Required Allocato tho $323,000 joint costs using the NRV method Total (Round the weightings to two decimal places) Com Syrup Corn Starch Final salos value of total production Deduct separable costs NRV at splitoff point Weighting Joint costs allocated tedt to v Production and selling price information on 1000 ings Corn Syrup Corn Starch Joint Costs S 323,000 $ 430,560 $ 94.740 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 0 Sftol 0 12,900 6,500 cost 0 0 int 52 $ 25 ed Print Done
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