Halifax Molding Company processes timber into four molding products. During November the joint costs of processing were $58,000. There was no beginning inventory at the beginning of the month. Production, sales value and separable cost information for the month were as follows: Molding Product Meters Cove Crown Baseboard Chair Rail Sales Value at Split Off Point $0.30 per meter 6,000 3,000 $0.40 per meter 2,000 $0.45 per meter 1,000 $0.10 per meter Separable Costs $0.15 per meter $0.20 per meter $0.25 per meter $0.05 per meter Final Sales Value $1.00 per meter $2.00 per meter $2.50 per meter $0.50 per meter Required: Determine the amount of joint costs allocated to each product using the following method: Net Realizable value (8 marks) - show your calculations