Cannon Inc. processes a chemical up to the split-off point where two products, Oxy and Morone, are produced and sold. There was no beginning inventory. The following material was collected for the month of January: Direct materials processed: 250,000 litres (242,500 litres of good product) Production: Oxy 147,500 litres Morone 95,000 litres Sales: Oxy 140,500 at $110 per litre Morone 91,000 at $100 per litre The cost of purchasing 250,000 litres of direct materials and processing it up to the split-off point to yield a total of 242,500 litres of good product was $380,000. When using a physical volume measure, what is the approximate amount of joint costs that will be allocated to Oxy and Morone? $155,800 and $224,200 $224,200 and $155,800 $227,202 and $152,798 $231,134 and $148,866