Answer the following question correctly. If you don't know the answer kindly don't solve.

Subject name is Cost accounting.

Miller Company produces three products A, B & C from a joint process where joint cost is $100,000. Processing cost after split off for product A is $20,000, B is $30,000 and C is $ 50,000. Quantity produced for sale of A is 3000, B is 4000 and C is 3000 and selling price for A is $20, B is $27.5 and C is $30 per unit.

Calculate Hypothetical value of each product and allocate joint cost among the products.