Net Realizable Value Method, Decision to Sell at Split$-$off or Process Further

Arvin, Inc., produces two products, ins and outs, in a single process. The joint costs of this process were $$77,300,$ and $14,000$ units of ins and $36,000$ units of outs were produced. Separable processing costs beyond the split$-$off point were as follows: ins, $$17,500$; outs, $$9,000.$ Ins sell for $$8\mathrm{.}00$ per unit; outs sell for $$15\mathrm{.}00$ per unit.

Required:

Allocate the $$77,300$ joint costs using the estimated net realizable value method.

Suppose that ins could be sold at the split$-$off point for $$7\mathrm{.}00$ per unit. Should Arvin sell ins at split$-$off or process them further?

Ins should not $$ be processed further as there will be $ $$ profit if sold at split$-$off.