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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:

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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: 24,000 gallons (after shrinkage)
\table[[Production:,Butter Cream,12,000 gallons],[,Condensed Milk,12,000 gallons],[Sales:,Butter Cream,11,500 gallons],[,Condensed Milk,11,500 gallons],[Sales Price:,Butter Cream,$4.00 per gallon],[,Condensed Milk,$8.00 per gallon],[Separable costs,Butter Cream,$15,000
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