Newcastle Sawmill, Inc., $($NSI$),$ purchases logs from independent timber contractors and processes the logs into three types of lumber products. These products are the result of a joint sawmill process that inval products from the logs

$($Click the icon to view the joint cost information.$)$

information.$)$

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Read the requirements.

Requirement $1.$ Based on the information given for Newcastle Sawmill, allocate the joint processing costs of $$990,000$ to the three products using the $($a$)$ Sales value at splitoff method, $($b$)$ Physical$-$measure method $($volume in units$),$ and $($c$)$ NRV method.

a$.$ Begin by allocating the joint processing costs of $$990,000$ to the three products using the Sales value at splitoff method. $($Round the weights to four decimal places.$)$

$\backslash$table$[[,$Studs,Decorative pieces,Posts$],[$Monthly unit output,,,$],[$Selling price per unit,,,$],[$Sales value of total production at$,,,],[$splitoff$,,,],[$Weighting$,,,],[$Joint costs allocated,,,$]]$

Joint Cost Information

$\backslash$table$[[\backslash$table$[[$The joint process results in the following costs of products for a$],[$typical month:$]]],[$Direct materials $($rough timber logs$),$$$,495,000],[$Debarking $($labor and overhead$),,60,000],[$Sizing $($labor and overhead$),,190,000],[$Product cutting $($labor and overhead$),,245,000],[$Total joint costs,$$,990,000]]$

Per Unit Information

Product yields and average sales values on a per$-$unit basis from the joint process are as follows:

$\backslash$table$[[,\backslash$table$[[$Monthly Output$],[$of Materials at$],[$Splitoff Point$]],\backslash$table$[[$Fully Processed$],[$Selling Price$]]],[$Product$,78,000$ units,$