Sykes Company manufactures two products, I and II, from a joint process. A production run costs $20,000 and results in 500 units of I and 2,000 units of II. Both products must be processed past the split-off point, incurring separable costs of $5 per unit for I and $10 per unit for II. The market price is $25 for I and $20 for l1. Allocate the Joint processing costs to the two products using the Net Realizable Value method. Be sure to first give the equation to be used and then plug in your numbers and show ALL your work to receive full credit for a correct answer. If needed, round \% to FOUR decimal places. Round your allocated costs to the nearest dollar