Budimex S.A. uses a joint process to produce products GGGG2, HHHH2, IIII2, and JJJJ2. Each product may be sold at its split-off point or processed further. Joint processing costs for a single batch of joint products are $380,000. Other relevant data are as follows:

Product	Sales Value At Split-Off	Additional Costs of Processing	Sales Value of Final Product
GGGG2	$52,000	$56,000	$102,000
HHHH2	66,000	50,000	94,000
IIII2	58,000	53,000	96,000
JJJJ2	46,000	44,000	72,000

Requirements:

1. Calculate the effect on profits of processing Product GGGG2 further beyond the split-off point.
2. Determine the net benefit of processing Product HHHH2 beyond the split-off point.
3. Allocate joint costs using the sales value at split-off method.
4. Prepare a production cost report for Budimex S.A.