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The Kenton Company processes unprocessed milk to produce two products, Butter Cream and Condensed Milk. The following information was collected for the month of

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The Kenton Company processes unprocessed milk to produce two products, Butter Cream and Condensed Milk. The following information was collected for the month of June: Direct Materials processed: 20,500 gallons (after shrinkage) Production: Butter Cream Condensed Milk 9,500 gallons 11,000 gallons Sales: Butter Cream 9,000 gallons Condensed Milk 10,500 gallons Sales Price: Butter Cream Condensed Milk $5.50 per gallon $7.50 per gallon Separable costs in Butter Cream total: $14,000 Condensed Milk $34,900 This question: 5 point(s) possible The cost of purchasing the of unprocessed milk and processing it up to the split-off point to yield a total of 20,500 gallons of saleable product was $55,000. The company uses constant gross-margin percentage NRV method to allocate the joint costs of production. What is the allocated joint costs of Condensed Milk? (Round intermediary percentages to the nearest hundredth.) OA. $26,290 OB. $34,900 OC. $28,716 OD. $14,000 Time Romain

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