FINS produces three products from its fish farm: fish, fish oil, and fish meal. During July 2010, FINS produced the following average quantities of each product from each pound (16 ounces) of fish processed: Fish - 8 ounces Fish oil - 4 ounces Fish meal - 2 ounces Total 14 ounces Of each pound of fish processed, 2 ounces are waste. In July, FINS processed 37.5 tons of fish (1 ton equals 2,000 pounds). Joint cost amounted to $142,800. On average, each pound of product has the following selling prices: fish, $4.50; fish oil, $6.50; and fish meal, $2. a. Allocate the joint cost using weight as the basis. Round interim percentages to the nearest whole number and your final answers to the nearest dollar. Allocated Joint Cost Fish $ Oil $ Meal $ b. Allocate the joint cost using sales value as the basis. Round interim percentages to the nearest whole number. Allocated Joint Cost Fish $ Oil $ Meal $