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Skim goat milk can be processed further to yield 56,200 gallons of skim goat ice cream, for an additional processing cost per usable gallon of $5.

The product can be sold for $10 per gallon. There are no beginning and ending inventory balances.

Using estimated net realizable value, what amount of the joint costs would be allocated Xyla and the skim goat ice cream? (Round intermediary percentage calculations to the nearest hundredth.)

The Green Company processes unprocessed goat milk up to the split - off point where two products, condensed goat milk and skim goat milk result. The following information was collected for the month of October Direct materials processed: Production: Condensed goat milk Skim goat milk Sales: Condensed goat milk Skim goat milk 102,000 gallons (after shrinkage) 44,500 gallons 57,500 gallons $3.50 per gallon $2.50 per gallon The costs of purchasing the of unprocessed goat milk and processing it up to the split - off point to yield a total of 102,000 gallons of saleable product was $191,480. There were no inventory balances of either product. Condensed goat milk may be processed further to yield 44,000 gallons (the remainder is shrinkage) of a medicinal milk product, Xyla, for an additional processing cost of $5 per usable gallon. Xyla can be sold for $23 per gallon. O A. $792,000 and $281,000 OB. $99,576 and $91,904 O C. $95,740 and $95,740 OD. $141,331 and $50,149

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