Net realizable value method. Stenback Company is one of the world’s leading corn ref...

Net realizable value method. Stenback 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, Stenback reported the following production and selling-price information:

Allocate the $329,000 joint costs using the NRV method