3 Exercise 11-43 (Algo) Net Realizable Value Method (LO 11-7) Check my work 7.5 points 03:39:33 Euclid Corporation processes a patented chemical, P-1, and produces two outputs, P-11 and P-12. In August, the costs to process P-1 are $190,000 for materials and $340,000 for conversion costs. P-11 has a sales value of $680,000 and P-12 has a sales value of $170,000. Required: Using the net realizable value method, assign costs to P-11 and P-12 for August. (Do not round intermediate calculations.) eBook Cost Assigned P-11 P-12 Print References