Molo Oil Company produces gasoline, home heating oil, and jet fuel from crude oil in a joint processing operation, Joint processing costs up to the split-off point total $345.000 per month. For financial reporting purposes, the company allocates these costs to the joint products on the basis of their relative sales value at the split-off point Unit selling prices and total output at the split-off point are as follows: Product Selling Price Gasoline $19.00 per gallon Heating On $13.00 per gallon Jet Fuel $25.00 per gallon Monthly Output 12,800 gallon 20,000 gallons 4,000 gallons Each product can be processed further after the split-off point. Additional processing requires no special facilities. The additional processing costs (per quarter) and unit selling prices after further processing are given below: Product Gasoline Heating Oil Jet Fuel Additional Processing Costs 568.500 $98,250 $41,600 Selling Price $24.00 per gallon $19.00 per gallon $33.00 per gallon Required: 1. What is the financial advantage (disadvantage) of further processing each of the three products beyond the split-off point? 2. Based on your analysis in requirement 1, which product or products should be sold at the split-off point and which productor products should be processed further? Complete this question by entering your answers in the tabs below. Required 1 Required 2 ook Required: 1. What is the financial advantage (disadvantage) of further processing each of the three products beyond the split-off point? 2. Based on your analysis in requirement 1, which product or products should be sold at the split-off point and which productor products should be processed further? Complete this question by entering your answers in the tabs below. encos Required 1 Required Based on your analysis in requirement 1, which product or products should be sold at the split-off point and which productor products should be processed further? Gasoline Home Heating Oil Jet Fuel Soll at split-off point? Process further? Required 1