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 $150,000. There are no separable processing costs for any of the three products. Units at Split-Off Sales Value at Product Split-Off 1 $ 195,000 290 2 60,000 870 3 45,000 1,740 $ 300,000 2,900 Assume that the total sales value at the split-off point for product 1 is $90,000 instead of $195,000 and the sales value of product 3 is $3,000 instead of $45,000. 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