Question 7 (6 points) Farm Co. produces three products, X, Y and Z. Each of these products, from a joint production process, can be sold at the split-off point or processed further. Joint production costs of $640,000 per year are allocated to each product based on the relative number of units produced. Farm Co. has provided the following budgeted information for 2022: Units Sales value at Cost of Sales value if Produced split-off processing processed point further further X 48,000 $372,000 $240,000 $520,000 8,000 $124,000 $40,000 $200,000 Z 24,000 $300,000 $140,000 $400,000 Required: Which product(s) should be sold at split-off point and which product(s) should be processed further and justify your