Fisher Chemicals processes a liquid into three outputs: Sigma, Tau, and Upsilon. Sigma accounts for 55 percent of the net realizable value at the split-off point, Tau accounts for 29 percent, and Upsilon accounts for the balance. The joint costs total $637,000. If Upsilon is accounted for as a by-product, its $67,000 net realizable value at split-off is credited to the joint manufacturing costs using method 1 described in the text, which credits the by-products net realizable value as a reduction in the joint costs.

Required:

a-1. What are the allocated joint costs for the three outputs, if Upsilon is accounted for as a joint product? a-2. What are the allocated joint costs for the three outputs, if Upsilon is accounted for as a by-product?