Required information [The following information applies to the questions displayed below.] The following information relates to a joint production process for three products, with a total joint production cost of $185,000. There are no separable processing costs for any of the three products. Product 1 Sales Value at Split-Off $203,500 92,500 74,000 $370,000 Units at Split-off 540 1,080 1,980 3,600 3 Assume that the total sales value at the split-off point for product 1 is $92,500 instead of $203,500 and the sales value of product 3 is $3,700 instead of $74,000. Assume also that, because of its relatively low sales value, the firm treats product 3 as a by- product and uses the asset recognition method for accounting for by-products. What amount of joint cost would be allocated to the products using the sales value at split- off method? Product Allocated Joint Cost 1 2 3