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Problem 5-12 points Chemical Co. produces two products, Moola and Toola, from a joint process. Joint costs were $12,000. Additional data: Moola Toola Total production and sales 100 lbs 50 lbs Unit selling price at split-off $ 120 $ 160 Show all computations. a) Allocate joint cost using physical measure method. b) Prepare a product line income statement (assume no beginning and no ending inventory)