53 2 pts The Fleetwood Mac Company has a joint process. Joint costs are $50,000. At the split-off point, there are 800 gallons of fleetwoods and 200 gallons of macs. Fleetwoods are processed further at a total separable cost of $20,000, but number of gallons does not change. Macs are sold at the split-off point. The company uses the physical volume method to allocate joint costs. Compute the cost of each gallon of Fleetwood that would go into inventory. Do not put a dollar sign in your answer. Question 54 1.5 pts Refer to question 53. Now assume that the Fleetwood Mac Company has a third product that is identifiable at the split-off point. This product is nicks, and it is treated as a by-product. At the split-off point, there are 40 gallons of nicks. After further processing of $2 per gallon, each gallon of nicks can be sold for $5. The company uses the production method to deal with the by-product. Which of the following is true about how the by-product affects the company. Because of the by-product, $120 would be subtracted from the total joint cost for the company. Because of the by-product, $120 would be added to the total sales for the company. Because of the by-product, $200 would be subtracted from the total joint costs for the company. O None of these answers are correct. Because of the by-product, $200 would be added to the total sales for the company