Dow Chemical Company produces chemicals using process costing. In December 2030, the company incurs costs of $200 million and produces two joint products: Product A and Product B. The production and sales data are as follows:

• Product A: 1,000,000 units produced, $150 million sales revenue
• Product B: 500,000 units produced, $100 million sales revenue

Required:

• Allocate joint costs to Product A and Product B using the sales value method.
• Calculate the cost per unit for each joint product.
• Prepare a cost reconciliation report for Dow Chemical Company.
• Analyze the profitability of each joint product.
• Discuss the treatment of joint costs in process costing.