Red Oil & Gas, a large energy conglomerate, jointly processes purchased hydrocarbons to generate three nonsaleable intermediate products: ICR8, ING4, and XGE3. These intermediate products are further processed separately to produce crude oil, natural gas liquids (NGL), and natural gas (measured in liquid equivalents). An overview of the process and results for August is shown here. Joint Costs $1,600 Separable Costs ICR8 Processing $175 Crude Oil 200 barrels @ $20 per barrel Hydrocarbons Processing ING4 Processing $120 XGE3 Processing $195 NGL 100barrels @ $19 per barrel Natural Gas 700 eqvt. barrels @ $1.20 per eqvt. barrel Requirement: a). Allocate the August joint cost among the three products using the NRV method. (Round the weightings to four decimal places and joint costs to