The following information relates to a joint production process for three products, with a total joint production cost of $105,000. There are no separable processing costs for any of the three products. Sales Value Product at Split-off 2 $126,000 52,500 Units at Split-Off 200 600 31,500 $210,000 1,200 2,000 Assume that the total sales value at the split-off point for product 1 is $52,500 instead of $126,000 and the sales value of product 3 is $2,100 instead of $31,500. Assume also that, because of its relatively low sales value, the firm treats product 3 as a by-product and uses the asset recognition method for accounting for by-products. What amount of joint cost would be allocated to the products using the sales value at split-off method? Product 1 2 3 Allocated Joint Cost