The diary bar company processes unprocessed milk to produce two products: Butter Cream and Condensed Milk. The following information was collected for the month of August; The costs of purchasing the unprocessed milk and processing it up to the split point to yield a total of 21,000 gallons of salable product was $343,500. Allocate joint cost using sale-value at split-off method
Allocate joint cost using physical-measure method
Allocate joint cost using net realizable method
allocate joint cost using gross-margin percentage