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Northern Company processes 100 gallons of raw materals into 75 gallons of product GS-50 and 25 gallons of GS-80. GS-50 Is further processed Into 50 galons of product GS-505 at a cost of $10,000, and GS-80 Is processed into 50 gallons of product GS-805 at a cost of $7,000. Exhibit 1 depicts this manufacturing flow The production process starts at point 1. A total of $30.000 In joint manufact ing costs are incurred in reaching point 2 Polnt 2 is the split-off point of the process that manufactures GS-50 and GS-80. At this point, GS-50 can be sold for $425 a gallon, and GS-80 can be sold for $85 a galon. The process is completed at point oducts GS-505 and GS-805 have a sales price of $620 a gallon and $245 a gallon, respectively Required: Allocate the joint product costs and then compute the cost per unit using each of the following methods: (1 physical measure. (2) sales value at split-off, and (3) net realizable value. (Do not round intermediate calculations. Round your finel answers to nearest whole cdoller amount.) GS-50 Gs-80 Total (1) Physical measure 2) |Saies ivalue at split-off 2 Net realizable walue