1. ) Dairyco has joint costs totaling $5,500. Use the Physical Output, Net Realizable Value, and Sales Value at split off methods to allocate the joint costs to the products below.

Product	Gallons	Sales Value at Split-off	Can be processed further into	Additional processing costs	Final sales value
Skim Milk	1000	$5000	Yogurt	$2500	$8750
Regular Milk	2500	$6000	Cheese	$5,600	$15,000
Cream	500	$4000	Ice Cream	$3500	$10,000