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Reguired information The Chapter 12 Form worksheet is to be used to create your own worksheet version of the main example in the text. 2. In industries that process joint products, the costs of the raw materials inputs and the sales values of intermediate and final products are often volatile. Change the data area of your worksheet to match the following 1 Chapter 12: Applying Excel 3 Data 4 Exhibit 12-7 Santa Maria Wool Cooperative 5 Cost of wool 6 Cost of separation process 7 Sales value of intermediate products at split-off point: 8Undyed coarse wool 9Undyed fine wool 10Undyed superfine wool 11 Costs of further processing (dyeing) intermediate products 12Undyed coarse wool 13Undyed fine wool 14Undyed superfine wool 15 Sales value of end products S 215,000 40,000 $118,000 $ 174,000 64,000 50,000 60,000 10.000 Required information 10Undyed superfine wool $64,000 11 Costs of further processing (dyeing) intermediate products 12 Undyed coarse wool 13Undyed fine wool 14 Undyed superfine wool 15 Sales value of end products 16 Dyed coarse wool 17Dyed fine wool 18 $50,000 60,000 10,000 $ 151,000 $ 232,000 91,000 Dyed superfine wool If your formulas are correct, you should get the correct answers to the following questions a. What is the overall profit if all intermediate products are processed into final products? erall profit from processing al ucts b. What is the financial advantage (disadvantage) from further processing? from further processing undyed coarse wool from further processing undyed fine wool from further processing undyed superfine wool C-1. With these new costs and selling prices, what recommendations would you make concerning the company's operations? Sell as is or process further the intermediate product undyed coarse wool? Sell as is or process further the intermediate product undyed fine wool? Sell as is or process further the intermediate product undyed superfine wool