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 $2,808,000. Bottles of Sales Price Separate Cost Final Sales Product Output at Split-Off after Split-Off Price Perfume 52,000 $7.00 $2.50 $16.50 Eau de toilette 83,200 5.00 1.50 13.00 Body splash 72,800 5.00 2.00 12.00 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 702,000 Eau de Toilette 1,123,200 Body Splash 982,800 Total 2,808,000 Allocation by weight Perfume 336,960 Eau de Toilette 1,067,040 Body Splash 1,404,000 Total $ 2,808,000 $ $ Allocation by approx NRV Perfume $ 842,400 Eau de Toilette 1,123,200 Body Splash 842,400 Total $ 2,808,000 b. Assume that all products are processed further and completed. At the end of the period, the inventories are as follows: perfume, 1560 bottles; eau de toilette, 4,160 bottles; and body splash, 4,368 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 24,960 Eau de Toilette 62,400 Body Splash 67,704 Total 155,064 2. Allocation by weight Inventory levels Perfume Eau de Toilette Body Splash 92,976 Total $ 3. Allocation by approximated NRV Inventory levels Perfume $ Eau de Toilette Body Splash Total $ $ X X X X