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:22,500 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 22,500 gallons of saleable product was $51,000.
The company uses constant gross-margin percentage NRV method to allocate the joint costs of production. What is the allocated joint costs of Condensed Milk? (Round intermediary percentages to the nearest hundredth.)
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Impoverished Area
A region characterized by a severe lack of economic resources and access to basic needs, affecting the quality of life of its inhabitants.
Wealthy Environment
An environment abundant in resources, opportunities, and material wealth, often contributing positively to personal development.
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