As a start$-$up company, Coronado Enterprises encourages its employees to think through the entire value chain to estimate whether it

might be worthwhile to take a risk on new products. As part of that program, Nancy is reviewing a product concept that her intern

presented to her. The basic idea is to use a common process, which would result in two intermediate products. One product could be

sold right away $(x).$ The other product $(Y)$ would have no immediate sales value but after further processing would yield a very high$-$

value product. Nancy is intrigued enough to dig further into her intern's quantitative analysis, as follows.

Sales value of $x$ immediately after the joint process

Sales value of $Y$ after further processing

Product X$\text{'}$s share of the joint process cost

Proportion of joint cost allocated to Product $Y$

$$54,530$

$$421,000$

$$21,280$

$86\mathrm{.}7\%$

Based on this information, determine which joint cost allocation method the intern must have used when allocating the joint costs

to these products.

The intern must have used the

method.

Calculate how much total cost the intern included in the above estimate for $(1)$ the joint process and $(2)$ further processing of

product Y$.($Round answers to $0$ decimal places, e$.$g$.5,125.)$

$(1)$ The joint process

$

$(2)$ Further processing of product $Y$