. The Dairy coby Company processes unprocessed milk to produce two products: Butter Cream and Condensed Milk. The following information was collected for the month of october:

The costs of purchasing the unprocessed milk and processing it up to the split off point to yield a total of 21,000 gallons of saleable product was $34,500. This is joint cost

Direct Materials processed 21000 gallons

Buttercream Condensed milk

Production (gallons) 9,375 11,625

Sales (gallons) 9,000 11,250

Sales ($ per gallon) $25 $55

Separable costs in total $10,125 $25,275

Requirements:

a) Allocate joint cost using sales-value at split off method.

b) Allocate joint cost using physical-measure method.

c) Allocate joint cost using net realizable method.

d) Allocate joint cost using gross-margin percentage.