Joint-cost allocation: sell immediately or process further. nervana soy products (nsp) buys soybeans and processes them into other soy products. each ton of soybeans that nsp purchases for s350 can be converted for an additional $210 into 650 pounds of soy meal and 100 gallons of soy oil. a pound of soy meal can be sold at splitoff for $1.32 and soy oil can be sold in bulk for $4.50 per gallon. nsp can process the 650 pounds of soy meal into 750 pounds of soy cookies at an additional cost of $300. each pound of soy cookies can be sold for $2.32 per pound. the 100 gallons of soy oil can be packaged at a cost of $230 and made into 400 quarts of soyola. each quart of soyola can be sold for s1.15. 1. allocate the joint cost to the soy cookies and the soyola using the following: a. sales value at splitoff method b. nrv method 2. should nsp have processed each of the products further? what effect does the allocation method have on this decision?

For each of the following cases determine the ending balance in the inventory account. (hint: first, determine the total cost of inventory available for sale. next, subtract the cost of the inventory sold to arrive at the ending balance.)a. jill’s dress shop had a beginning balance in its inventory account of $40,000. during the accounting period jill’s purchased $75,000 of inventory, returned $5,000 of inventory, and obtained $750 of purchases discounts. jill’s incurred $1,000 of transportation-in cost and $600 of transportation-out cost. salaries of sales personnel amounted to $31,000. administrative expenses amounted to $35,600. cost of goods sold amounted to $82,300.b. ken’s bait shop had a beginning balance in its inventory account of $8,000. during the accounting period ken’s purchased $36,900 of inventory, obtained $1,200 of purchases allowances, and received $360 of purchases discounts. sales discounts amounted to $640. ken’s incurred $900 of transportation-in cost and $260 of transportation-out cost. selling and administrative cost amounted to $12,300. cost of goods sold amounted to $33,900.a& b. cost of goods avaliable for sale? ending inventory?