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Star Company is one of the world's leading corn refiners. It produces two joint products-corn syrup and corn starch-using a common production process. In July
Star Company is one of the world's leading corn refiners. It produces two joint products-corn syrup and corn starch-using a common production process. In July 2017, Star reported the following production and selling-price information: (Click the icon to view the information.) Requirement Allocate the 5323,000 joint costs using the NRV method. (Round the weights to two decimal places.) Corn syrup Corn starch Total Data Table Final sales value of total production Deduct separable costs NRV at splitoff point Weighting Joint costs allocated Com StarchJoint Costs (costs of processing com to spltoff point) $ 323,000 Separable cost of processing beyond splitoff point Beginning inventory (cases) Production and Sales (cases) Ending inventory (cases) Selling price per case S 403,290 87,310 12,600 6,100 52 $ 24 Print Done
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