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: $125,000. There are no separable processing costs for any of the three products. issume that the total sales value at the split-off point for product 1 is $62,500 instead of $150,000 and the sales value of product 3 is 2,500 instead of $37,500. Assume also that, because of its relatively low sales value, the firm treats product 3 as a by-product and ises the asset recognition method for accounting for by-products. What amount of joint cost would be allocated to the products using he sales value at split-off method