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What cost $($total$,$ not unit$)$ and profit will be reported for each product using the current method for allocating joint costs?

Note: Do not round intermediate calculations. Amounts to be deducted should be indicated by a minus sign.

Show less $A$

$\backslash$table$[[,$Chem$-$A$,$Chem$-$B$],[$Realizable value,,$],[$Allocation of joint cost,,$],[$Reported profit,,$]]$

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If the costs of the joint process are allocated on the basis of the net realizable value of the products, what cost $($total$,$ not unit$)$ and profit will be reported for each product?

Note: Do not round intermediate calculations. Round your final answers to the nearest whole dollars.

Show less $4$

$\backslash$table$[[,$Chem$-$A$,$Chem$-$B$],[$Realizable value,,$],[$Allocation of joint cost,,$],[$Reported profit,,$]]$

Recuired A

Elsa Products processes Chem$-$Z into two products: Chem$-$A and Chem$-$B$.$ Chem$-$Z costs $$42,600$ per batch. The joint process produces $4,000$ units of Chem$-$A with a market value of $$143,400,$ and $12,000$ units of Chem$-$B with a market value of $$31,900.$ The conversion cost of the joint process is $$5,000$ per batch. Elsa Products allocates joint costs using the physical quantities method. The company never holds any inventory.

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