Rice husk, the coating that is left over after milling, is sold as livestock food. This livestock food is accounted for as a by-product. 

During the 2020 fiscal year, BDK Rice, Inc., paid $800,000 million to buy a high-yielding variety of seeds to produce 4,000 metric tons of rice. In the process, 200 metric tons of husk was obtained. The company spent $4,000 to package and ship the husk, which was sold for $30 per metric ton.

1. How much of the joint cost is allocated to the husk that is sold as livestock food?

2. Compute the total inventory cost (and therefore cost of goods sold) for the husk.

3. Assume that $700,000 was spent on labor and additional $500,000 was spent on irrigation, harvesting, threshing, winnowing, and milling. Compute the total cost of the rice produced.