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Problem 2 - 9 points Nemo Chemical Corporation produces three industrial chemicals from a common input-XYZ XYZ costs $300,000 per 1,000 gallons. Each 1.000 gallon input of XYZ produces the following outputs: Product Gallons A12 200 B34 300 C56 500 Final sales value $280,000 170,000 290,000 Further processing costs $50,000 90,000 100,000 All three products must be processed further before they can be sold. How much of the $300,000 joint cost of XYZ would be allocated to each product if Nemo uses the physical measures method of allocating joint costs, and what is the gross profit of each product? Product Joint Cost Allocated Gross Profit A12 B34 C56 How much of the $300,000 joint cost of XYZ would be allocated to each product if Nemo uses the net realizable value method of allocating joint costs, and what is the gross profit of each product? Product Joint Cost Allocated Gross Profit A12 B34 C56