Terrace Labs produces a drug used for the treatment of arthritis. The drug is produced in batches.

In March, Terrace, which had no opening? inventory, processed one batch of chemicals. It sold 2,100 gallons of product for human use and 500 gallons of the veterinarian product. Terrace uses the net realizable value method for allocating joint production costs.

Chemicals costing $54,000 are mixed and heated, then a unique separation process then extracts the drug from the mixture. A batch yields a total of 2,800 gallons of the chemicals. The first 2,200 gallons are sold for human use while the last 600 gallons, which contain impurities, are sold to veterinarians. The costs of mixing, heating, and extracting the drug amount to $153,000 per batch. The output sold for human use is pasteurized at a total cost of $123,200 and is sold for $640 per gallon. The product sold to veterinarians is irradiated at a cost of $15 per gallon and is sold for $480 per gallon.

Requirement

1. How much in joint costs does Terrace allocate to each product? (Do not round intermediary calculations. Only round the amount you input in the cell to the nearest dollar.)

Joint costs allocated to human product
Joint costs allocated to veterinarian product