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CoursHeroTranscribedText: Northern Company processes 100 gallons of raw materials into 75 gallons of product (35-50...

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CoursHeroTranscribedText: Northern Company processes 100 gallons of raw materials into 75 gallons of product (35-50 and 25 gallons of 6530. 65-50 ls further processed into 50 gallons of product 65-505 at a cost of $5.500, and 65-80 ls processed Into 50 gallons of product 65-805 at a cost of $4.625. The production process starts at point 1. A total of $20,000 lnjolnt manufacturing costs are Incurred In reaching polnt 2. Polnt 2 Is the spilt-oilr point of the process that manufactures (SS-50 and 65-80. At this point, (35-50 can be sold for $600 a gallon. and 65-80 can be sold for $120 a gallon. The process ls completed at point 3products 65-505 and 65-805 have a sales prlce of $560 a gallon and $200 a gallon. respectlvely. Required: Allocate the joint product costs and then compute the cost per unlt using each of the following methods: (1] physical measure. (2) sales value at split-off, and (3] net realizable value. (Do not round intermediate calculations. Round your final answers to nearest whole dollar amount.) or a: Sale: Value at split-01'! (3) Nat realizable value

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