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Thanks.

The Wood Company produces two products, turpentine and methanol (wood alcohol), by a joint process. Joint costs amount to $154,000 per batch of output. Each batch totals 36,000 litres: 25% methanol and 75% turpentine. Both products are processed further without gain or loss in volume. Separable processing costs are methanol, $1.00 per litre; turpentine, $0.45 per litre. Methanol sells for $6.80 per litre; turpentine sells for $4.70 per litre. Required Requirement 2. If joint costs are allocated on an NRV basis, calculate the amount of the joint costs that will be allocated to turpentine and to methanol. (Round the weightings to five decimal places. Round joint costs allocated to the nearest dollar.)