Bank Pekao S.A. uses a joint process to produce products GG, HH, II, and JJ. Each product may be sold at its split-off point or processed further. Joint processing costs for a single batch of joint products are $120,000. Other relevant data are as follows:

Product	Sales Value At Split-Off	Additional Costs of Processing	Sales Value of Final Product
GG	$28,000	$33,000	$78,000
HH	42,000	29,000	72,000
II	35,000	30,000	68,000
JJ	20,000	20,000	44,000

Requirements:

1. Analyze the profitability of further processing Product GG.
2. Calculate the net benefit of processing Product HH beyond the split-off point.
3. Allocate joint costs using the constant gross margin percentage method.
4. Prepare a cost reconciliation report for Bank Pekao S.A.