Brampton Industries is a manufacturer ofchemicals for various purposes. One of the processes used by Brampton produces SPL-3, a chemical used in swimming pools; PST-4, a chemical used in pesticides; and RJ-5, a byproduct that is sold to fertilizer manufacturers. Brampton uses the FIFO inventory method to account for its inventories of chemicals, and uses the net realizable value of the byproduct as a reduction of the joint processing costs before allocating them to the main products Data regarding Brampton's November operations are presented in the table below. During this month, Brampton incurred joint production cost of $1,702,000 in the manufacture of SPL-3, PST-4 and RJ-5 BRAMPTON INDUSTRIES DATA FOR NOVEMBER OPERATIONS FOR MONTH OF NOVEMBER SPL-3 PST-4 RJ-5 Finished Goods Inventory in Gallons (Nov. 1) November Sales in Gallons November Production in Gallons Sales Value Per Gallon at Split Off Additional Processing Cost Final Sales Value Per Gallon 3,000 150,000 170,000 0.70 18,000 650,000 700,000 52,000 325,000 350,000 0.00 S $ 874,000$ 816,000S 6.00$ 0.00 $ 4.00 S 0.00 The RJ-5 costs $0.10 per gallon to sell to customers and is not included in the sales value per gallon indicated above