The Kenton Company processes unprocessed milk to produce two products, Butter Cream and Condensed Milk. The following information was collected for the month of June:
Direct Materials processed:27,500 gallons (after shrinkage) 
The cost of purchasing the of unprocessed milk and processing it up to the split-off point to yield a total of 27,500 gallons of saleable product was $53,000.
The company uses constant gross-margin percentage NRV method to allocate the joint costs of production. What is the allocated joint costs of Butter Cream? (Round intermediary percentages to the nearest hundredth.)
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The combination of social and historical circumstances that influence and give meaning to an individual's experiences, behaviors, and societal structures.
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The scientific study of behavior and mental processes, using empirical methods and statistical analysis.
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A methodical approach to data collection, where there is careful observation of phenomena planned to occur at predetermined times or in predetermined settings.
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