Wildcat Oil Inc. transports crude oil to its refinery where it is processed into main products gasoline, kerosene, and diesel fuel, and by-product base oil. The base oil is sold at the split-off point for $1,000,000 of annual revenue, and the joint processing costs to get the crude oil to split- off are $10,000,000. Additional information includes: Product Gasoline Barrels Produced 400,000 100,000 Cost After Split-Off $8,000,000 3,000,000 Selling Price Per Barrel $98 Kerosene 85 Diesel fuel 300,000 2,000,000 70 Required: Determine the allocation of joint costs using the adjusted sales value method, rounding the sales value percentages to the nearest tenth of a percent. (Hint: Reduce the amount of the joint costs to be allocated by the amount of the by-product revenue.)