Muring Company processes cow's milk. During the process, two products are produced, skimmed milk and butter cream. Butter cream are then processed further and eventually produces full cream milk and butter popcorn. Full cream milk is sold to ice cream producing companies while butter popcorn is processed further to produce butter. During the month, Muring purchased 100,000 liters of cow's milk for P1,500,000. Joint costs are allocated using the relative sales value method. The following information were provided by Muring. Sales value at split Further processing Final sales value off cost Units produced Skimmed milk Butter cream Full cream milk 150,000 275,000 32.5/liter 60,000 liters 40,000 liters 25/liter 25,000 liters Butter popcorn 150,000 250/bar 8,000 bars 1) How much is the cost of the butter? 2) How much is the cost of the full cream milk? 3) How much is the cost of the skimmed milk?