The Alphabet Company produces two joint products and one byproduct through a single manufacturing process. The cost associated with this process are $200,000. The byproduct, Product X, has a selling price of $5. During the month, they produced 2,000 units of Product X and sold 500. Byproducts are recognized at production as a cost reduction. Selling expenses for Product X were $2,000, consisting mainly of commissions. The joint products, Product Y and Product Z, are processed beyond the split-off point. The relevant information about these products is summarized below: Cost of Additional Units Units Final Selling Processing Produced Sold Price Product Y Product Z $400,000 $200,000 25,000 50.000 12,500 $40 25,000 20 I Required: a. Calculate the value of product X's ending inventory assuming that byproducts are recognized at (1) production or (2) sale. b. Compute the ending inventory value of products Y and Z, using the net realizable value method. c. Compute the total cost of the products if the physical measures method is used based on pounds. Assume that Product X weighs one pound per unit, Product Y weighs two pounds per unit, and Product Z weighs four pounds per unit.