Two products wood chips and fiberboard come out of a
Two products, wood chips and fiberboard, come out of a joint process costing $420,000 per year. The sales value of the wood chips is $260,000 per year. The sales value of the fiberboard is $780,000 per year. Use the relative sales value method to allocate the joint costs of the joint process to the products. (Round your answer.)

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