18. Determine the profitability of each product after allocating joint costs using their net realizable value, if the byproduct is accounted for at the time of sale. KeotaChem produces two chemicals in a joint process that also results in a byproduct. The joint process costs $253,000, and results in three chemicals—20,000 pounds of Chemical X, which could sell at splitoff for $10 per pound, 30,000 pounds of Chemical Y, which could sell at splitoff for $20 per pound, and 5,000 pounds of Chemical Z, which sells at splitoff for $0.60 per pound. Chemical X is processed into Super X at an additional cost of $500,000. Each pound of Super X sells for $65. Chemical Y is processed into Super Y at an additional cost of $700,000.

Each pound of Super Y sells for $50.