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3. Harold Enterprises,. Inc., processes coconut oil, coconut milk, and edible coconut meat from raw coconuts imported from Hawaii. The products can be sold at

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3. Harold Enterprises,. Inc., processes coconut oil, coconut milk, and edible coconut meat from raw coconuts imported from Hawaii. The products can be sold at point of split-off or processed further into high-quality end prod- ucts. Selling price information is shown below. Unit Selling Price If Sold At Split-Off After Additional PointProcesng Coconut oil $4.00/gallon $5.50/galloa Coconut milk... $1.00/gallon $1.20/gallon Coconut mea.51.50/pound $1.95/pound Product There are 150,000 coconuts to be processed and total production for the year 19x6 is expected to be as follows: Product . Quantity Coconut milk....100,000 gallons (25,000 pounds) The cost accounting department estimates that processing costs beyond split-off will be $50,000 for coconut oil, $25,000 for coconut milk, and $20,000 for coconut meat. Budgeted joint processing costs for 19x6 will be $175,000. Determine which product(s) should be sold at split-off point and/or which product(s) should be processed further. Justify your

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