**PLEASE USE ANSWERS PROVIDED IN THE DROP DOWN FOR ALL**

The Jasper Wood Company produces two products. The two products are turpentine and methanol. The company uses a joint process which cost $240,000. The company produced 200,000 litres of output. 80,000 of the production was turpentine and 120,000 was methanol. The separable processing costs of turpentine was $1.50 per litre. The separable processing costs of methanol was $1.10 per litre. Turpentine sells for $4.00 per litre. Methanol sells for $5.00 per litre. [Prepare all calculations to four decimal places in percent.]