Joint cont allocation - net realizable value method Nature's Garden Inc. produces wood chips, wood pulp, and much. These products are produced through harvesting trees and sending the boys through a wood chipper machine. One batch of togs produces 20,862 cubic yards of wood chips, 14,350 cubie yards of mulch, and 9.194 cubic Yards of wood pulp. The joint production process costs a total of 534,000 per batch. After the spot off point, wood chips are immediately sold for $22 per cubic yard while wood pulp and much are processed further. The market value of the wood pulp and much at the split off point is estimated to be $27 and 530 per cobie yard, respectively. The additional production process of the wood pulp costs $5 per cubic yard, after which it is sold for 535 per cubic yard. The additional production process of the moich costs cubic yard, after which it is sold for $38 per cubic yard. This information has been collected in the Microsoft Excel Online file. Open the spreadsheet, perform the required analysis, and input your answers in the munition below Open spreadsheet Allocate the joint costs of production to each product using the net realizable value method. Do not round intermediate cakulations. Hound your answers to the nearest dollar Joint Product Allocation Wood chips Wood pulp Mulch 34,000 Totals