Bonanza Co. manufactures products X and Y from a joint process that also yields a by-product, Z. Revenue from sales of Z is treated as a reduction of joint costs. Additional information is as follows: PRODUCTS TOTAL Unita produced 32,000 32,000 16,000 80,000 $322,000 $736,000 Joint coats Sales value at split-off $480,000 $240,000 $16,000 Joint costs were allocated using the net realizable value method at the split-off point. The joint costs allocated to product X were Multiple Choice $120,000. $136,800. $240,000. $204,000.