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Royston, Inc., is a large chemical company. It processes 150,000 pounds of ore at a cost of $180,000 to yield 12,000 pounds of product A,

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Royston, Inc., is a large chemical company. It processes 150,000 pounds of ore at a cost of $180,000 to yield 12,000 pounds of product A, 65,000 pounds of product B. and 1,500 pounds of product C. Product A is processed further at a cost of $26,500. It yields 12,000 pounds of A', which are sold for $12 per pound. Product B is sold without further processing at $3 per pound. Product C is considered a byproduct and is sold for $2 per pound. Required: Compute unit costs per pound for products A, B, and C, treating C as a byproduct (Note: these are the products at the splitoff point). Use the NRV method for allocating joint costs. Use the production method for byproduct. 1. unit costs per pound for products A = $_ (keep 2 decimal places) 2. unit costs per pound for products B = $_ (keep 2 decimal places) 3. unit costs per pound for products C = $_ (keep 2 decimal places)

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