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Home / Questions / Sesnie Company is one of the​ world's leading corn refiners. It produces two joint Prod...

Sesnie Company is one of the​ world's leading corn refiners. It produces two joint Products-corn syrup and corn starch-using a common production process. In July 2014, Sesnie reported the following

Sesnie Company is one of the​ world's leading corn refiners. It produces two joint

Products-corn syrup and corn starch-using a common production process. In July 2014, Sesnie reported the following production and selling-price information:

 

Corn Syrup

Corn Starch

Joint Costs

Joint costs (costs of processing corn to splitoff point)

   

$327,000

Separable cost of processing beyond splitoff point

$372,760

$65,040

 

Beginning inventory (cases)

0

0

 

Production and Sales (cases)

12,400

5,800

 

Ending inventory (cases)

0

0

 

Selling price per case

$49

$24

 
 

Corn syrup

Corn starch

Total

Final sales value of total production

     

Deduct separable costs

     

NRV at splitoff point

     

Weighting

     

Joint costs allocated

Jul 15 2021 View more View Less

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