Please assist. I am unsure why my answer to the Greater of Total NRV and Total market Value at Split-Off is incorrect for Foot lotion. I am now, unable to complete the rest of this problem. Thank you in advance.

Joint cost allocation Lovely Lotion Inc. produces three different lotions: hand, body, and foot. The lotions are produced jointly in a mixing process that costs a total of $250 per batch. At the split-off point, one batch produces 80, 40, and 25 bottles of hand, body, and foot lotion, respectively. After the split-off point, hand lotion is sold immediately for $2.50 per bottle. Body lotion is processed further at an additional cost of $0.25 per bottle and then sold for $5.75 per bottle. Foot lotion is processed further at an additional cost of $0.85 per bottle and then sold for $4.00 per bottle. Assume that body and foot lotion could be sold at the split-off point for $3.00 and $3.20 per bottle, respectively. 1. Using the market value at split-off method, allocate the joint costs of production to each product. Round your answers to two decimal places. Market Value Total Market Percent of Bottles per Bottle at Value at Total MV at Joint Product per Batch Split-Off Split-Off Split-Off Joint Costs Allocation Hand lotion 80 2.5 200 50 V % $ 250 125 Body lotion 40 3.00 120 30 % 250 75 Foot lotion 25 3.20 80 20 250 50 Totals 145 400 250 2. A lotion manufacturing company produces three types of lotions. After the split-off point the company continues to sell the body lotion and makes $0.25 profit per bottle. The foot lotion generates $0.05 loss per bottle if it continues after the split-off point. Which lotion should be continued after the split-off point? a. Hand lotion b. Body lotion c. Foot lotion d. Body and foot lotion b V 3. Allocate the joint costs of production to each product using the net realizable value method. Round your answers to two decimal places. Greater of Total NRV Market Value Total Market Total Net and Total Bottles per Bottle at Value at Market Price Added Cost NRV Realizable Market Value Joint Joint Product per Batch Split-Off Split-Off per Bottle per Bottle per Bottle Value at Split-Off Proportion Costs Allocation Hand lotion 80 2.50 200 2.50 2.50 200 200 V $ 250 Body lotion 40 3.00 120 V 5.75 0.25 5.50 220 220 250 Foot lotion 25 3.20 80 4.00 0.85 3.15 78.75 78.75 X 250 Totals 145 $ 400 498.75 X $