Arkansas Corporation manufactures liquid chemicals A and B from a joint process. It allocates joint costs on the basis of sales value at split-off. Processing 5,000 gallons of product A and 1,500 gallons of product B to the split-off point costs $6,700. The sales value at split-off is $2.90 per gallon for product A and $29.00 per gallon for product B. Product B requires additional separable processing beyond the split-off point at a cost of $2.70 per gallon before it can be sold at a price of $34 per gallon. Required: What is the company's cost to produce 1,500 gallons of product B? Product cost Webster Company produces 35,000 units of product A, 30,000 units of product B, and 19,000 units of product C from the same manufacturing process at a cost of $430,000. A and B are joint products, and C is regarded as a by-product. The unit selling prices of the products are $40 for A, $20 for B, and $1 for C. None of the products requires separable processing. Of the units produced, Webster Company sells 28,000 units of A, 29,000 units of B, and 19,000 units of C. The firm uses the net realizable value method to allocate joint costs and by-product costs. Assume no beginning inventory. Required: 1. What is the value of the ending inventory of product A? 2. What is the value of the ending inventory of product B? Complete this question by entering your answers in the tabs below. Required Required 1 What is the value of the ending inventory of product A? (Do not round intermediate calculations.) Ending inventory Complete this question by entering your answers in the tabs below. Required Required What is the value of the ending inventory of product B? (Do not round intermediate calculations.) Ending inventory