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Sinclair Company is one of the world's leading com refiners. It produces two joint products-com syrup and com starch-using a common production process. In
Sinclair Company is one of the world's leading com refiners. It produces two joint products-com syrup and com starch-using a common production process. In July 2017. Sinclair reported the following production and selling price information (Click the icon to view the information) Requirement Allocate the $323,000 joint costs using the NRV method (Round the weights to two decimal places) Data table Com syrup Com starch Total Final sales value of total production Deduct separable costs NRV at splitoff point Weighting Joint costs allocated Joint costs (costs of processing com to splitoff point) Separable cost of processing beyond splitoff point Com Syrup Corn Starch Joint Costs 323,000 S 404.910 $ 107,590 Beginning inventory (cases) Production and Sales (cases) Ending inventory (cases) Selling price per case 0 12,100 6.600 0 0 535 27
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