1. ExxonMobil processes crude oil with joint costs $3,000,000, producing gasoline (60,000 gallons) and diesel (40,000 gallons).
   • Requirements:
     • Allocate joint costs using the physical units method.
     • Allocate joint costs using the net realizable value method.
     • Calculate the cost per gallon for gasoline and diesel.
     • Analyze the cost allocation methods and recommend the most suitable one.