A manufacturing process produces three products: A, B and C. The joint products can be sold at split-off or processed further. The total joint manufacturing costs are \(\$ 100,000\). Other relevant data are as follows:

Required:
(1) Allocate the joint manufacturing costs using

(a) the physical measure method and

(b) the sales value method.
(2) If all three joint products are processed further and their ending inventories in units are: A - 100, B - 200, and C - 300 , determine the values of ending inventories based on answers obtained in (1).

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Joint Product Units Produced Selling Price at Split-off Processing Cost Total Additional Selling Price After Further Processing A 2,000 $ 5/unit $ 1,000 $6/unit B 3,000 2/unil 3,000 4/unit C 5,000 1.8/unit 2,000 3/unit