Required information [The following information applies to the questions displayed below] Winchester Chemicals uses a joint process to produce VX4, a chemical used in the manufacture of paints and varnishes; HD-10, a chemical used in household cleaning products; and FTS, a byproduct that is sold to fertilizer manufacturers. Joint production costs are allocated to the main products on the basis of net realizable value. The byproduct is inventoried at its net realizable value, and this value is used to reduce thejoint production cost before allocation to the main products. During the month of November, Winchester incurredjoint production costs of $4,833,000. Data regarding Winchester's November operations are as follows: VX-4 HD-lO FT-S November production in gallons 740,000 390,000 99,000 Sales value per gallon at splitoff None $ 7.40 $ 3.20* Separable processing cost $1,860,000 $2,400,000 None Final sales value per gallon $ 10.80 $ 16.25 None Finishedgoods inventory in gallons on November 30 (all produced during November) 10,400 33,000 2,900 *Disposal costs of $0.20 per gallon will be incurred in order to sell the byproduct