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Trammel Chemical Company makes three products, DPX , DEA, MNR , what are joint products from the same materials. In a standard batch of 1

Trammel Chemical Company makes three products, DPX, DEA, MNR, what are joint products from the same materials. In a standard batch of 150,000 products of raw materials, the company generates 40,000 pounds of DPX,60,000 pounds of DEA and 50,000 pounds of MNR. A standard batch costs $800,000 to produce. The sales prices are $9.50, $13.50, and $17.50 for DPX, DEA, and MNR, respectively. (No credit will be given unless you show all you work).
a. Allocate the joint product cost among the three final products using weight as the allocation base.
b. Allocate the joint product cost among the three final products using market value as the allocation base. Round your figures to three decimals points.

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