The Lakers Corporation uses a joint manufacturing process that produces three products. The process produced 1,000 units of Product A, 500 units of Product B, and 500 units of Product C in January. The joint cost incurred in this process is $200,000. All three products can be sold at the split-off point; $20 for Product A, $200 for Product B, and $160 for Product C. Alternatively, the products can be processed further and sold at a final stage. The following information relates to processing these products further: Final Selling Separable Product Price Costs A $ 40 $15,000 B C 300 30,000 180 2,000 At the inventory at the end of January includes 100 units of Product A, 300 units of Product B, and 200 units of Product C. Required: a. Calculate the value of ending inventory of the three products based on (1) the sales value at split-off and (2) the physical measures approach using units. b. Assume that product A is a byproduct and joint costs are allocated based on number of units. Lakers recognizes byproducts as a cost reduction at either (1) production or (2) sales. Based on this information, calculate the value of ending inventory for products A, B, and C.