1. Mavin Company produces two joint products and a byproduct in a joint process that costs

$250,000 up to the splitoff point. The byproduct is accounted for at the time of production. The byproduct could sell at splitoff for $5,000, but it is processed further at a total cost of $2,000 and sold after further processing for $8,000.

Calculate joint costs to be allocated to joint products.