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 $305,000 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 $ 11.00 per gallon Heating $ 5.00 per gallon Oil Jet Fuel $ 17.00 per gallon Monthly Output 11,200 gallons 17,600 gallons 2,400 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. Additional Processing Costs Product Selling Price 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 $50, 340 $71,170 Selling Price $15.20 per gallon $10.20 per gallon $24.20 per gallon $25,600 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? Complete this question by entering your answers in the tabs below. Complete this question by entering your answers in the tabs below. Required 1 Required 2 What is the financial advantage (disadvantage) of further processing each of the three products beyond the split-off point Home Gasoline Heating Oil Jet Fuel Financial advantage (disadvantage) of further processing Required 2 > Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 2 Based on your analysis in requirement 1, which product or products should be sold at the split-off point and which produk products should be processed further? Homo Gasoline Heating Oil Jet Fuel Sell at split-off point? Process further?