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 $360,000 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 $22.00 per gallon Heating $16.00 per gallon Jet Puel, $28.00 per gallon Monthly Output 13,400 gallons 20,900 gallona 4,600 gallons ces 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: Additional Processing Selling Product Costs Gasoline $ 75,970 $27.30 per gallon Heating $109,395 Oil $22.30 per gallon Jet Puel $ 48,260 $36.30 per gallon Price 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 product or products should be processed further? Required 1 Required 2 What is the financial advantage (disadvantage) of further processing each of the three products beyond the split-off point Gasoline Home Heating Oil Jet Fuel Financial advantage (disadvantage) of further processing Required Required 2 > Required 1 Required 2 Based on your analysis in requirement 1, which product or products should be sold at the split-off point and which produ products should be processed further? Gasoline Home Heating Oil Jet Fuel Sell at split-off point? Process further