A dairy operation processes raw milk into two main products: skim milk and cream. Both of...

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A dairy operation processes raw milk into two main products: skim milk and cream. Both of these products are salable at the end of the joint process, worth $13,000 and $27,000, respectively. The skim milk can be further processed at a cost of $8.130 in order to yield sweetened condensed milk. This final product can be sold for $27,000. The cream can also be processed further, at a cost of $9.870, in order to generate butter, which is worth $42,000. If the joint process costs are $20,000, how much of the joint cost will be allocated to each product under the NRV method? (Round proportion to 2 decimal places, e.g. 0.25 and final answers to 0 decimal places, e.g. 5,125.) Allocated joint costs Skim Milk Cream A dairy operation processes raw milk into two main products: skim milk and cream. Both of these products are salable at the end of the joint process, worth $13,000 and $27,000, respectively. The skim milk can be further processed at a cost of $8.130 in order to yield sweetened condensed milk. This final product can be sold for $27,000. The cream can also be processed further, at a cost of $9.870, in order to generate butter, which is worth $42,000. If the joint process costs are $20,000, how much of the joint cost will be allocated to each product under the NRV method? (Round proportion to 2 decimal places, e.g. 0.25 and final answers to 0 decimal places, e.g. 5,125.) Allocated joint costs Skim Milk Cream