Physical Units Method, Relative Sales Value Method Farleigh Petroleum, Inc., is a small company that acquires high-grade crude oil from low-volume production wells owned by individuals and small partnerships. The crude oil is processed in a singte refinery into Two 0il, 5ix oil, and impure distillates, Farleigh petroleum does not have the technology or capacity to process these products further and sells most of its output each month to major refineries. There were no beginning finishied poods or work-in-process inventories on April 1. The production costs and output of Farleigh Petroleum for April are as follows: Data on barrels produced and selling price: Two 0il, 300,000 barrels produced; sales price, 545 per barrel Slx 0i1, 160,000 barrels produced; sales price, $25 per barrel Distillate5, 80,000 barrels produced; sales price, $14 per barrel Required: 1. Calculate the amount of Joint production cost that Farleigh Petroteum would allocate to each of the three joint products by using the physical units method. (Carry out the ratio calculation to four decimal places. Round allocated costs to the nearest dollar.) 1. Calculate the amount of joint production cost that Farleigh Petroleum would allocate to each of the three joint products by using the physical units method. (Carry out the ratio calculation to four decimal places. Round allocated costs to the nearest dollar.) (Note: The total of the allocated costs does not equal due to rounding error.) 2. Calculate the amount of Joint production cost that Farleigh Petroieum would allocate to each of the three joint products by using the relative sales yalue method. (Carry out the ratio calculation to four decimal places. Round allocated costs to the nearest dollor.)