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Saskatchewan Soy Products (SSP) buys soy beans and processes them into other soy products. Each tonne of soy beans that SSP purchases sor $340 can

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Saskatchewan Soy Products (SSP) buys soy beans and processes them into other soy products. Each tonne of soy beans that SSP purchases sor $340 can be converted for an add tonal $1 in into 625 ths of soy meal and 140 galions of soy oil. A pound of soy meal can be sold at splitot for $1.08, and soy oil can be sold in buik for $4 per gallon. SSP can process the 625 iss of soy meal into 725 bs of soy cookies at an edditional cost of $340. Each pound of soy cookes can be sold for $2. 08 per pound The 140 galors of soy oi can be packag. at a cost of $250 and made inte 560 quarts of Soyola. Each quart of 5 cyola can be sold toe $1.45. Required 1. Allocate the joint cost to the cookes and the Soyola using a. Soles value at spitifli method b. NRV method. 2. Should the company have processed each of the products further? What eflect dees the alocation method have on this decision

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