Homework: Chapter 17 Cost Allocation part 2 HW Score: 0%, 0 of 12 points O Points: 0 of 2 Save Star Company is one of the world's leading corn refiners. It produces two joint productscorn syrup and corn starchusing a common production process. In July 2020, Star reported the following production and selling-price information: (Click the icon to view the information.) Requirement Allocate the $322,000 joint costs using the NRV method. (Round the weights to two decimal places.) Corn syrup Corn starch Total Final sales value of total production Deduct separable costs NRV at splitoff point Weighting Joint costs allocated Data table A B D 1 Corn Syrup Corn Starch Joint Costs $ 322,000 $ 372,760 $ 65,040 0 0 2 Joint costs (costs of processing corn to splitoff point) 3 Separable cost of processing beyond splitoff point 4 Beginning inventory (cases) 5 Production and Sales (cases) 6 Ending inventory (cases) 7 Selling price per case 12,400 5,800 0 0 $ 49$ 24 Print Done