u211 complete) Overview of the process and results. An overview of the process and results for August 2017 are shown here (Note: The numbers are small to keep the focus on key concepts.) - Joint Costs - Separable Costs $2,000 Crude Oil Processing ICR8 150 barrels @ S120 $22 per barrel Hydrocarbons NGL 100 barrels S1l per barrel Processing $100 ING4 Processing Natural Gas 750 oqvt. barrels $1.70 per aqvt. barrel Processing $215 XGE Print Done Sinclair Oil & Gas, a large energy conglomerate, jointly processos purchased hydrocarbons to generate three nonsalable intermediate products: ICRB, ING4, and XGE3. These intermediate products are further processed separately to produce crude oil, natural gas liquids (NGL), and natural gas (measured in liquid equivalents). Click the icon to view the overview.) A federal law that has recently been passed taxes crude oil at new tax is to be paid on natural gas liquid or natural gas. A (Click the icon to view additional information.) Read the requirements Total Requirement 1. Allocate the August 2017 joint cost among the three products using the (a) Physical measure mothod and (b) NRV method. First, allocate the August 2017 joint cost using the physical measure method. (Round the weights to five decimal places and joint costs to the nearest cent.) Crude Oil NGL Gas Physical measure of total production Weighting Joint costs allocated