Dodrill Co. makes two joint products from a common input. Data concerning the two products appear below:

	Product X	Product Y	Total
Allocated joint production costs	$19,800	$24,200	$43,000
Sales value at split-off point	$21,000	$25,000	$46,000
Costs of further processing	$25,400	$8,400	$33,800
Sales value after further processing	$52,100	$38,200	$90,300

To maximize profit, which of the following statements is correct?

Product X should be processed further; product Y should be sold at the split-off point.

Product X should be sold at the split-off point; product Y should be processed further.

Both products should be sold at the split-off point.

Both products should be processed further.