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 $1,080,000. Bottles of Sales Price Separate cost Final Sales Product Output at Split-off after Split-Off Price Perfume 20,000 $7.00 $2.50 $16.50 Eau de toilette 5.00 1.50 13.00 Body splash 28,000 5.00 2.00 12.00 32,000 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. x 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 Eau de Toilette Body Splash Total Allocation by weight Perfume $ Eau de Toilette x Bady Splash Total X X x 0X Allocation by approx NRV Perfume $ Eau de Toilette Body Splash Total $ OX 0X s b. Assume that all products are processed further and completed. At the end of the period, the inventories are as follows: perfume, 600 bottles; eau de toilette, 1,600 bottles; and body splash, 1,680 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 5 OX Eau de Toilette OX Body Splash Ox Total 0 x 2. Allocation by weight Inventory levels Perfume $ 0 x Eau de Toilette Body Splash Total OX 3. Allocation by approximated NRV Inventory levels Perfume OX Eau de Toilette 0X Rady Splash 0x Total OX ox $ S S Check