Question: need help A dairy operation processes raw milk into two main products: skim milk and cream. Both of these products are salable at the end
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 $14,000 and $25,000, respectively. The skim milk can be further processed at a cost of $8,000 in order to yield sweetened condensed milk. This final product can be sold for $25,000. The cream can also be processed further. at a cost of $10.000. in order to generate butter, which is worth $43.000. 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, es. 0.25 and final answers to O decimal places, es. 5,125 .)
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