In a joint process The Batali Company produces four sauces Basic Cream, Heavy Cream, Lite Cream, and Ultra Fancy. Ultra Fancy cannot be sold at the split off point so it has to be processed further. Basic Cream 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 $188,000. Other relevant data are as follows: 1. Determine which products should be processed further. 2. If it is determined to not process a product further, it will be sold at the split off point (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 sauces are sold (either at the split off point or processed further as you determined in part 1) what is the gross profit of each product