DQuestion 24 8 pts Data pertaining to a company's joint manufacturing process for the current period follows ProductProduct Quantities produced Processing cost after products are $1.600 s00 separated 300 lbs. 200 Ibs Market value at point of separation $8/b.$18/lb This period's joint costs equal $1.140. Required 1. Compute the amount of joint costs that will be assigned to each product if joint costs are allocated orn the basis of pounds produced. 2. Compute the amount of joint costs that woll be assianed to each product if joint costs are alocated on the basis of market value at the point of separation. YOU MUST SHOW YOUR WORK TO EARN CREDIT