The Brital Company processes unprocessed milk to produce two ...

[justinmsk]

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:

31,500 gallons

Production:	Butter Cream	12,500	gallons
​	Condensed Milk	19,000	gallons
Sales:	Butter Cream	12,000	gallons
​	Condensed Milk	18,500	gallons
Sales:	Butter Cream	$3.50	per gallon
​	Condensed Milk	$10.00	per gallon
Separable costs in total:	Butter Cream	$16,500	​
​	Condensed Milk	$35,600	​

The costs of purchasing the of unprocessed milk and processing it up to the split-off point to yield a total of 31,500 gallons of saleable product was $109,025. 

The company uses constant gross-margin percentage NRV method to allocate the joint costs of production.  If separable costs of Butter Cream was $19,000 and constant gross margin was 30%, what would have been the total allocated joint costs of production?
◦ $109,025
◦ $35,600
◦ $97,400
◦ $163,625

[raenoj]

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[justinmsk]

Thanks for the timely response, appreciate it

[shailee]

Wow, this really help