P 8-6 Joint Products, Inc. Joint Products, Inc., produces two joint products, X and V, using a common input. These are produced in batches. The common input costs $8,000 per batch. To produce the final products (X and V), additional processing cost beyond the split-off pint must be incurred. There are no beginning inventories. The accompanying data summarize the operations. Products X Y Quantities produced per batch 200 lbs 400 lbs Additional processing costs per batch Beyond split-off $1,800 $3,400 Unit selling prices of completely Processed products $40/lb. $10/lb Ending inventory 2,000 lbs. 1,000 lbs. Required: a. Compute the full cost of the ending inventory using net realizable value to allocated joint cost. b. If the selling prices at the split-off (before further processing) are $35 and $1 per pound of X and V, respectively, what should the firm do regarding further processing? Show calculations.