Question: Morrell Company produces several products from processing krypton, a rare mineral. Material and processing costs total $26,000 per ton, one-third of which are allocated to

Morrell Company produces several products from processing krypton, a rare mineral. Material and processing costs total $26,000 per ton, one-third of which are allocated to the product merifulon. The merifulon produced from a ton of krypton can either be sold at the split-off point, or processed further at a cost of $11,000 and then sold for $67,000. The sales value of merifulon at the split-off point is $38,000. Required: Compute the profit from further processing for merifulon. What are the values for each: sales value after further processing, sales value at the split-off point, and cost of further processing?

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