The Mellina Metal Co. locates, mines, and processes iron ore using a process cost system. During one production run, the joint costs totaled $15,000. In order to allocate these costs, management gathered the following additional information: nk5

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Department 1 joint products produced % of Market value total after further amount produced processing (per pound) Iron 35 $1.50 Additional processing costs. (per pound) $.65 (Department 2) Amount sold in pounds 9,000 Zinc Lead 25 .75 .20 (Department 3) 6,000 40 2.50 .80 (Department 4) 10,000 The total amount produced was 30,000 pounds. Required: Using the sales value method. allocate the joint costs to the individual products. Calculate the total cost of producing each product.