Joint Product Allocation—Average Unit Cost and Market Value Methods. Scott Company manufactures three products, A, B, and C, from a joint process. The joint costs for January total $100,000. Additional January infor¬ mation follows: LO5 Processing Cost Ultimate Product Quantity after Split-Off Market Value A 3,000 $20,000 $ 60,000 B 4,000 30,000 110,000 C 3,000 50,000 90,000 Required:

(1) Compute the total production cost for each product, using the average unit cost method.

(2) Compute the total production cost for each product, using the market value method.