Laure Hes, Inc., manufactures four products: Brand W, Brand X, Brand Y, and Brand Z. These products, each with significant sales value, are produced simultaneously. The following information is utilized in order to allocate the joint costs under a process cost system: kop4

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1 Brands W, X, Y, and Z emerge at the end of processing in Department 1. Brand Y is processed further in Department 2 and then sold. 2 The final market values for all the products total $550,000. 3 The costs of the finished products total $375,000. 4 Additional processing costs in Department 2 total $50,000. 5 Percentage of the final total market value of all the products: Brand W: 35% Brand X: 15% Brand Y: 30% Brand Z: 20% Required: Calculate the joint cost allocation to each product using the market or sales value method.