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Northern Company processes 100 gallons of raw materials into 75 gallons of product GS-50 and 25 gallons of GS-80. GS-50 is further processed into 50

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Northern Company processes 100 gallons of raw materials into 75 gallons of product GS-50 and 25 gallons of GS-80. GS-50 is further processed into 50 gallons of product GS-505 at a cost of $6,350, and GS-80 is processed into 50 gallons of product GS 805 at a cost of $4,400 The production process starts at point 1. A total of $20,000 in joint manufacturing costs are incurred in reaching point 2 Point 2 is the split off point of the process that manufactures GS-50 and GS-80. At this point, GS 50 can be sold for $575 a gallon, and GS 80 con be sold for $115 a gallon The process is completed at point 3-products GS-505 and GS-B05 have a sales price of $555 a gallon and $195 a gallon, respectively Required: Allocate the joint product costs and then compute the cost per unit using each of the following methods (1) physical measure, (2) sales value at split off and (3) net realizable value (Do not round intermediate calculations. Round your final answers to nearest whole dollar amount.) GS-50 cost GS-80 cost Total cost per unit per unit per unit (1) Physical measure (2) Sales value at split-off GS-505 cost GS-805 cost Total cost per unit per unit per unit (3) Net realizable value

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