Downeast Fisheries operates a fish processing plant. Fish is processed in batches of 10,000 kilograms. Processing fish yields three products: - fillets, which are sold fresh or quck-frozen - fish pieces, which are sold to another fish-products plant to be used in breaded fish cakes - offal (unused parts of the fish), which is transported to a fertilizer plant The following table summarizes the yield and financial characteristics of processing a batch of fish: Fresh fish can be quick.frozen with an associated separabie processing and selling cost of. 50.50 per kilogram; it is then sold for 55.50 perkilogram: Quick-freezing also. incuis a fixed cost oi 5500 per batch. If the fresh fish is frozen, the 51.50 separable cost of processing the fresh fish would be avoided. Required: a) Shouid the fillets be sold as fresh fish or quick.frozen? a) Assume that the joint cost, which includes the cost of purchasing and processing the fish, is 57,000 per bateh, snd tnat the offat is treated as a by-product that is recognized at the split- off point. Allocate the joint cost to each of the products using: i) Physical output method ii) Net realizable value method iii) Constant gross margin percentage