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PLEASE ANSWER ALL QUESTIONS! additional cost of $0.85 per bottle and then sold for...

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Accounting

imagePLEASE ANSWER ALL QUESTIONS!

additional cost of $0.85 per bottle and then sold for $4.00 per bottle. Assume that body and foot lotion could be sold at the split-off point for $3.00 and $3.20 per bottle, respectively. 1. Using the market value at split-off method, allocate the joint costs of production to each product. Round your answers to two decimal places. 2. Based on the information provided, should Lovely Lotion Inc. continue processing body and foot lotion after the split-off point? Body lotion Foot lotion 3. Allocate the joint costs of production to each product using the net realizable value method. Round your answers to two decimal places

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