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Question 5 Hemmingway Ltd. produces two main products, J and K; and, a byproduct, L. There were no beginning inventories. During March, it incurred $275,000 of joint costs, which are allocated to main products using the physical output method. Additional information follows: Product Units Produced 12,000 18,000 6,000 Units Sold 9,600 15,300 5,200 Unit Sales Price $22 38 Required: Assuming Hemmingway recognizes byproduct revenue at the time of sale, what is the total value of ending inventory