3. Our company builds three 3 furniture products: Poplar, Birch, and Pine from a joint process. Joint-process costs in 2007 were $3,000,000. Additional information regarding the three products is as follows: Product I Poplar Birch Pine Board feet produced 1.200.000 600.000 1.800.000 Sales Value at Split-Off $36,000,000 $24,000,000 $72,000,000 Sales Value if processed further $40,000,000 $32,000,000 $75,000,000 Additional processing costs $ 2.000.000 $10,000,000 $ 6,000,000 A. Assuming that joint-product costs are allocated using the net-realizable-value method, what were the total costs of Birch? a. $10,545,455 b. $511,500 c. $10,511,500 d. $10,000,000 B. Based on the cost information provided, Poplar should be: a. Sold at the split-off point b. Processed further for an incremental profit of $4,000,000 c. Processed further for an incremental profit of $2,000,000 d. Either be sold at split-off point or processed further, depending upon how joint product costs are allocated