4 Exercise 11-44 (Algo) Estimated Net Realizable Value Method (LO 11-7) Blasto, Inc., operates several mines. At one, a typical batch of ore run through the plant yields three products: lead, copper, and manganese. At the split-off point, the intermediate products cannot be sold without further processing. The lead from a typical batch sells for $50,000 after incurring additional processing costs of $15,350. The copper is sold for $94,000 after additional processing costs of $11,500, and the manganese yield sells for $65,000 but requires additional processing costs of $17,150. The joint costs of processing the raw ore, including the cost of mining, are $155,000 per batch. Required: Use the estimated net realizable value method to allocate the joint processing costs. (Do not round intermediate calculations.) X Answer is complete but not entirely correct. Lead Approximate sales value at split-off Percent of total sales values at split-off Cost allocation $ 50,000 X (15,350) X % Copper $ 94,000 (11,500) X % $ 82,500 x Manganese $ 65,000 (17,150) X % $ 47,850 X $ 34,650 X