In a joint process The Fabio Company produces four chemicals Zeta290, Tau213, Gamma234, Sigma79. Each product 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: Product Zeta 290 Tau213 Gamma234 Sigma79 Total Liters Produced 280 250 450 220 1.200 TotalSales At Split-Off $54,500 32,700 82,840 47.960 $218.000 Additional Processing Costs $12,000 9,000 15,600 9.870 $46,470 TotalSales Final Product $64,800 42,890 85,400 53,450 $246,540 REQUIRED 1. Allocate the joint cost to the four primary products using the sales value at split off point method (round to whole dollars). 2. Determine which products should be processed further 3. The Fabio Company only processes further the products you have determined to do so in part 2. If all liters of each of the four chemicals are sold what is the gross profit of each product