Aladdin's Lamp Oil Company produces both A-1 Fancy and B Grade Oil. There are approximately $90,000 in joint costs that Filch may allocate using the sales value at the split-off point approach or the physical measure approach. After split-off, A-1 Fancy sells for $3 per gallon while B Grade sells for $6 per gallon, both without any additional processing. The following information was collected for the month of October: Production A-1 Fancy 18,000 gallons B Grade 18,000 gallons Sales A-1 Fancy 17,000 gallons B Grade 17,750 gallons The company reported no beginning inventory. Q1.1 1 Point What is the allocation of joint costs to A-1 Fancy and B Grade Oil using the sales value at split-off method? Clearly show your workings. A-1 Fancy B Grade Enter your answer here Q1.2 1 Point What is the allocation of joint costs to A-1 Fancy and B Grade Oil using the physical measure method? Clearly show your workings A-1 Fancy Enter your answer here B Grade Enter your answer here Q1.3 1 Point Calculate the total gross profit under for each product using the sales value at split-off method. Clearly show your workings. A-1 Fancy Enter your answer here B Grade Enter your answer here Q1.4 1 Point Calculate the total gross profit under for each product using the Physical measure method. Clearly show your workings. A-1 Fancy Enter your answer here B Grade Enter your answer here