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Intoriock Soy Products (USP) buys soybeans and processes thers into oeher soy products. Each ton of soybeans that USP purchasos for \$2S0 can be converted tor an abehional \$210 into 6o0 zbe of soy meat and 120 galions of soy oil. A pound of soy meal can be sold at aptithet for $1.08 and soy oi can be sold in bulk for 54.5 per galion. USP can process the 600 pounds of soy meat into 750 pounds of soy cookes at an additionat cost of $370. Each pound of soy oookies can be sola for $203 per pound The 120 gailgnt of soy ol can be pockaged at a cost of $2.40 and made into 480 quarts of Seyola. Each quart of Soyola can be sold for $1.45. Read the requirements: Requirement 1. Allocate the joint cost to the cookes and the Soyola using the (a) Sales value at splitol method and (b) NFV method a. First, allocato the joint cost using the Sales value at splitolf mothod. (Round the weights to three dooirnal places and joint costa to the nearest doliar) Requirement 2. Should USP have processed each of the products further? What effect does the allocation method have on this decision? Begin by calculating the profit or loss that would oocur if USP processed the products further. (Use parentheses or a minus sign for losses.) USP should the soy meal becaute it profit. Thay should the soy oil because profit wili Since the total joint cost is under both allocation methods, it a rolevant cost to the decision to sell at splitoff or process further. Requirements 1. Allocate the joint cost to the cookies and the Soyola using the following: a. Sales value at splitoff method b. NRV method 2. Should USP have processed each of the products further? What effect does the allocation method have on this decision