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 $$2,592,000.$

Bottles of Sales Price Separate Cost Final Sales

Product Output at Split$-$Off after Split$-$Off Price

Perfume $48,000$ $$7\mathrm{.}00$ $$2\mathrm{.}50$ $$16\mathrm{.}50$

Eau de toilette $76,8005\mathrm{.}001\mathrm{.}5013\mathrm{.}00$

Body splash $67,2005\mathrm{.}002\mathrm{.}0012\mathrm{.}00$

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.

Allocation by bottles

Perfume Answer $1$

Eau de Toilette Answer $2$

Body Splash Answer $3$

Total Answer $4$

Allocation by weight

Perfume Answer $5$

Eau de Toilette Answer $6$

Body Splash Answer $7$

Total Answer $8$

Allocation by approx NRV

Perfume Answer $9$

Eau de Toilette Answer $10$

Body Splash Answer $11$

Total Answer $12$

b$.$ Assume that all products are processed further and completed. At the end of the period, the inventories are as follows: perfume, $1440$ bottles; eau de toilette, $3,840$ bottles; and body splash, $4,032$ bottles. Determine the values of the inventories based on answers obtained in $($a$).$

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

$1.$ Allocation by bottles

Inventory levels

Perfume Answer $13$

Eau de Toilette Answer $14$

Body Splash Answer $15$

Total Answer $16$

$2.$ Allocation by weight

Inventory levels

Perfume Answer $17$

Eau de Toilette Answer $18$

Body Splash Answer $19$

Total Answer $20$

$3.$ Allocation by approximated NRV

Inventory levels

Perfume Answer $21$

Eau de Toilette Answer $22$

Body Splash Answer $23$

Total Answer $24$