Company produces product cheese and butter jointly. During October production data as follows: Gallons at the...

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Company produces product cheese and butter jointly. During October production data as follows: Gallons at the splitt off point October production of final products in gallons Additional processing cost Final sales value per gallon Cheese Butter 100,000 150,000 18,000 52,000 600000$ 300000$ 3.20$ 4.80$ Milk used during production has a cost of 500,000$ and conversion cost until splitt off point is 860,000$ Determine joint product cost for butter and cheese by using net realizable value method. Company produces product cheese and butter jointly. During October production data as follows: Gallons at the splitt off point October production of final products in gallons Additional processing cost Final sales value per gallon Cheese Butter 100,000 150,000 18,000 52,000 600000$ 300000$ 3.20$ 4.80$ Milk used during production has a cost of 500,000$ and conversion cost until splitt off point is 860,000$ Determine joint product cost for butter and cheese by using net realizable value method.