Business, 14.02.2020 05:05 harlon852

Soy Products (Upper KSP) buys soybeans and processes them into other soy products. Each ton of soybeans that Upper KSP purchases for $ 380 can be converted for an additional $ 170 into 525 lbs of soy meal and 120 gallons of soy oil. A pound of soy meal can be sold at splitoff for $ 1.36 and soy oil can be sold in bulk for $ 4.25 per gallon. Upper KSP can process the 525 pounds of soy meal into 575 pounds of soy cookies at an additional cost of $ 380. Each pound of soy cookies can be sold for $ 2.36 per pound. The 120 gallons of soy oil can be packaged at a cost of $ 260 and made into 480 quarts of Soyola. Each quart of Soyola can be sold for $ 1.55. Read the requirementsAllocate the joint cost to the cookies and the Soyola using the following:a. Sales value at splitoff methodb. NRV methodc. Should ISP have processed each of the products further? What effect does the allocation method have on this decision?

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Soy Products (Upper KSP) buys soybeans and processes them into other soy products. Each ton of soybe...

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