Three Company produces two products (Product 1 and Product 2) from a common input. Joint costs for January total $200,000. Information related to the two products is as follows:

	Pounds Produced	Weight Factor	Price at Split-Off	Additional Processing costs	Final Sales Value
Product 1	2,000	1.0	$50	$20	$80
Product 2	3,000	2.0	20	10	60

2. Note: Round all calculations to two decimal points and all dollar amounts to the nearest dollar.

3. Determine the amount of joint costs allocated to Product 1 using the net realizable value method.

		$150,000
		$133,333
		$110,000
		$88,000