The Little Company buys 1 unit of special type of input, which they refine into two different types of sugar: 1 cup of white sugar and 2 cups of corn syrup. They purchased 12,000 units of the special input at the beginning of the month, which were used to begin the joint production process. The joint costs of this refining process are $100,000. At this point, the white sugar can be sold for $1.50 per cup and the corn syrup can be sold for $2.75 per cup. The white sugar can be processed further to yield powdered sugar. The additional cost to process the white sugar further is $1.00 per cup. The powdered sugar can be sold for $5.00 per cup. Required: 1) Allocate the joint costs using the physical-measure method (using cups as the physical measure). (8 marks) 2) Allocate the joint costs using the NRV method. (12 marks)