Euclid Corporation processes a patented chemical, P-1, and produces two outputs, P-11 and P-12. In August, the costs to process P-1 are $140,000 for materials and $320,000 for conversion costs. P-11 has a sales value of $712,000 and P-12 has a sales value of $178,000.

Required

Using the net realizable value method, assign costs to P-11 and P-12 for August. (Do not round intermediate calculations.)

P-11

P-12