In a joint process SimplexCircuit produces four super high end cleaning products: PR178SC, TN605MS, ME287PA, and OK255NY. TN605MS has to be processed further in Department 2 before it can be sold. OK255NY does not have an option to be processed further. The remaining products may be sold at its split-off point or processed further. Joint processing costs for a single batch of the joint products are $126,000. Other relevant data are as follows: \begin{tabular}{ll} Department \#2's Cost: & $28,000 \\ Optional additional processing cost for ME287PA: & $12,000 \end{tabular} Optional additional cost for PR178SC: $9,000 OK255NY: 220 liters produced @ a sales value of $313 per liter TN605MS: 450 liters produced @ a sales value of $215 per liter ME287PA: 280 liters produced. If sold at split-off the sales value is $250 per liter. If processed further can be sold for $338 per liter. PR178SC: 250 liters produced. If sold at split-off the sales value is $220 per liter. If processed further can be sold for $224 per liter. REQUIRED 1. Should ME287PA and/or PR178SC be processed further after the split-off point? 2. If it is determined to not process a product further, it will be sold at the split off point and additional processing will be ignored (see your answer to part 1). Allocate the joint cost to the four primary products using the approximated net realizable value method (round to whole dollars). 3. If all liters of each of the four products are sold what is the total gross profit of each product