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Seanie Company is one of the world's leading com refiners. It produces two joint products, com syrup and cornstarch, using a common production procenenie

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Seanie Company is one of the world's leading com refiners. It produces two joint products, com syrup and cornstarch, using a common production procenenie reported the following production and selling price information (Click the icon to view the production and selling price information.) Required Allocate the $325,000 joint costs using the NRV method. Production and selling price information (Round the weightings to two decimal places.) Joint costs (costs of processing com to splitoff point) Com Syrup Cornstarch Joint Costs S 325.000 Corn Syrup Cornstarch Total Final sales value of total production Separable cost of processing beyond splitoff point 5 Beginning inventory (cases) Production and sales (cases) 404.910 $ 107.590 Deduct separable costs Ending inventory (cases) NRV at splitoff point Weighting Joint costs allocated Selling price per case 12.100 6,600 0 0 $ 53 27 Print Done

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