The Brital Company processes unprocessed milk to produce two products, Butter Cream and Condensed Milk. The following information was collected for the month of June:
| Direct Materials processed: | 31,000 gallons |
| Production: | Butter Cream | 13,000 | gallons |
| | Condensed Milk | 18,000 | gallons |
| Sales: | Butter Cream | 12,500 | gallons |
| | Condensed Milk | 17,500 | gallons |
| Sales: | Butter Cream | $3.50 | per gallon |
| | Condensed Milk | $9.50 | per gallon |
| Separable costs in total: | Butter Cream | $14,500 | |
| | Condensed Milk | $33,900 | |
The costs of purchasing the of unprocessed milk and processing it up to the split-off point to yield a total of 31,000 gallons of saleable product was $146,450.
The company uses constant gross-margin percentage NRV method to allocate the joint costs of production. What is the allocated joint costs of Condensed Milk?
◦ $120,000
◦ $14,500
◦ $33,900
◦ $26,450
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