Sales value and physical value allocation To-Go produces milk and sour cream from a joint process. During June, the company produced 720,000 quarts of milk and 570,000 pints of sour cream (there are two pints in a quart). Sales value at split-off point was $1,132,200 for the milk and $532,800 for the sour cream. The milk was assigned $377,400 of the joint cost. Note: Round proportions to the nearest whole percentage and dollar amounts to the nearest whole dollar. a. Using the sales value at split-off approach, determine the total joint cost for June. $Answer

b. Assume, instead, that the joint cost was allocated based on the number of quarts produced. What was the total joint cost incurred in June? $Answer