procs roP the euPent perlOU Data pertaining to a company's joint man facturing follows: Product Product 300 lbs. 200 lbs. $1,600 $800 Quantities produced Processing cost after products are separated Market value at point of separation $8/lb. $18/lb. This period's joint costs equal $1,140 Required: 1. Compute the amount of joint costs that will be assigned to each product if joint costs are allocate the basis of pounds produced. 2. Compute the amount of joint costs that will be assigned to each product if joint costs are allocate the basis of market value at the point of separation