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Each day, Sheridan Corporation processes 1 ton of a secret raw material into two resulting products, AB1 and XY1. When it processes 1 ton of

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Each day, Sheridan Corporation processes 1 ton of a secret raw material into two resulting products, AB1 and XY1. When it processes 1 ton of the raw material, the company incurs joint processing costs of $67,000. It allocates $32,000 of these costs to AB1 and $35,000 of these costs to XY1. The resulting AB1 can be sold for $107,000. Alternatively, it can be processed further to make AB2 at an additional processing cost of $42,000, and sold for $155,000. Each day's batch of XY1 can be sold for $102,000. Or, it can be processed further to create XY2, at an additional processing cost of $57,000, and sold for $137,000. What products should Sheridan Corporation make and sell. The company should process and sell The company should not process and sell

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