underwood food coprortion makes two products from soybeans; cooking oil and cattle feed. from a standar batch of 100000 pounds of soybeans, underwood produces 20000 pounds of cooking oil and 80000 pounds of cattle feed. producing a standard batch costs 27000 . the sales prices per pound are 3.00 for cooking oil and 1.50 for cattle feed.

required:

a. allocate the joint product cost to the two products using weight as the allocation base.

b. allocate the joint product cost to the two products using market value as the allocation base.