Piano Company manufactures three products, A, B, and C, from a joint process. The joint costs for January total $100,000. Additional January information follows:

Required:
(1) Compute the total production cost for each product, using the average unit cost method.
(2) Compute the total production cost for each product, using the market value method.

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Quantity 3,000 4,000 3,000 Processing Cost after Split-Off $20,000 30,000 50,000 Ultimate Market Value 60,000 110,000 180,000 Product