Approximated net realizable value method and sell or process further

Lauren Inc. makes three products that can be sold at split$-$off or processed further and then sold. The joint cost for April is $$2,376,000.$

The number of ounces in a bottle of each product is: perfume, one; eau de toilette, two; and body splash, three. Assume that all products are processed further

after split$-$off.

a$.$ Allocate the joint cost based on the number of bottles, weight, and approximated net realizable values at split$-$off.

Note: Round proportions to the nearest whole percentage and dollar amounts to the nearest whole dollar.

b$.$ Assume that all products are processed further and completed. At the end of the period, the inventories are as follows: perfume, $1320$ bottles; eau de toilette,

$3,520$ bottles; and body splash, $3,696$ bottles. Determine the values of the inventories based on answers obtained in $($a$).$

Note: Round your final answer to the nearest whole dollar.

Allocation by bottles

Allocation by weight

Allocation by approximated NRV