Calculate how much joint cost would be allocated to each product when using (1) the sales value at split-off method and (2) the NRV method. (Round proportion to 2 decimal places, e.g. 0.25 and final answers to 0 decimal places, e.g. 5,125.) (1) The sales value at split-off method Allocated joint costs (2) The NRV method Allocated joint costs $ Grade 1 Grade 1 32000 1 LA $ LA Grade 2 Grade 2 32000 63999

Calculate how much joint cost would be allocated to each product when using (1) the sales value at split-off method and (2) the NRV method. (Round proportion to 2 decimal places, eg. 0.25 and final answers to 0 decimal places, es 5, 125.) (1) The sales value at split-off method (2) The NRV method As the manager of the granite-crushing division, George has just recently started evaluating product profitability, The joint process tor his division generates Grade 1 and Grade 2 granite pieces. Both grades at this point can be sold as-is, or Grade 2 can be processed further into Grade 3 (a stabilizer is added while it's further processed into very fine pieces). The quantities, costs, and sales values for: the different grades of product are as follows