Question: 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

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 $23,000, respectively. The skim milk can be further processed at a cost of $8,190 in order to yield sweetened condensed milk. This final product can be sold for $24,000. The cream can also be processed further, at a cost of $9,810, in order to generate butter, which is worth $45,000. If the joint process costs are $21,000, 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.)
Skim Milk
Cream
Allocated joint costs
$
A dairy operation processes raw milk into two

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