XYZ Company processes direct materials up to the split-off point where two products, A and B, are obtained. The following information was collected for the month of July: Direct materials processed: 2,800 liters (with shrinkage) The cost of purchasing 2,800 liters of direct materials and processing it up to the splitoff point to yield a total of 2,300 liters of good products was $6,000. There were no inventory balances of A and B. Product A may be processed further to yield 1,300 liters of Product Z5 for an additional processing cost of $1,200. Product Z5 is sold for $46 per liter. There was no beginning inventory and ending inventory was 100 liters. Product B may be processed further to yield 650 liters of Product W3 for an additional processing cost of $835. Product W3 is sold for $52 per liter. There was no beginning inventory and ending inventory was 20 liters. What is Product Z5's estimated net realizable value at the split-off point? $54,000 The cost of purchasing 2,800 liters of direct materials and processing it up to the splitoff point to yield a total of 2,300 liters of good products was $6,000. There were no inventory balances of A and B. Product A may be processed further to yield 1,300 liters of Product Z5 for an additional processing cost of $1,200. Product Z5 is sold for $46 per liter. There was no beginning inventory and ending inventory was 100 liters. Product B may be processed further to yield 650 liters of Product W3 for an additional processing cost of $835. Product W3 is sold for $52 per liter. There was no beginning inventory and ending inventory was 20 liters. What is Product Z5's estimated net realizable value at the split-off point? $54,000 $48,000 $59,800 $58,600