Cost Allocation-Net Realizable Value Method Nature's Garden tnc, produces wood chips, wood pulp, and mulch. These products are produced through harvesting trees and sending the logs thrakgh a wood chipper machine. One batch of logs produces 20,400 cubic yards of wood chips, 10,400 cubic yards of mulch, and 9,200 cubic yards of wood pulp. The joint production orocess costs a total of $34,000 per batch. After the spit-off point, wood chips are immeolately sold for 525 per cubic yard while wood pulp and mulch are processed further. The market value of the wood pulp and muich at the split-oif point is estimated to be $22 and $25 per cubic yard, respectively. The additionsl production proceiss of the wood pulp costs $5 per cuble yard, after which it is sold for $30 per cubic yard, The additional production process of the mulch costs $4 per cubic yard, after which it is soild for \$2.7 per cubic yard. Alocate the joint costs of production to esch prodact using the net realizable value method