4) Cost Allocation - Joint Products and Byproducts (20 marks total) The Little Company buys 1 unit of special type of input, which they refine into two different types of sugar: 1 cup of white sugar and 2 cups of corn syrup. The joint costs of this refining process are $100,000. At this point, the white sugar can be sold for $1.50 per cup and the corn syrup can be sold for $2.75 per cup. The white sugar can be processed further to yield powdered sugar. The additional cost to process the white sugar further is $1.00 per cup. The powdered sugar can be sold for $5.00 per cup. Required: 1) Allocate the joint costs using the physical-measure method (using cups as the physical measure). (8 marks) 2) Allocate the joint costs using the NRV method. (12 marks)