Atlas Foods produces the following three supplemental food products simultaneously through a refining process costing $93,000:
The joint products, Alfa and Betters, have a final selling price of $4 per pound and $10 per pound, respectively, after additional processing costs of $2 per pound of each product are incurred after the split-off point. Morefeed, a byproduct, is sold at the split-off point for $3 per pound.
Assuming that Atlas Foods does not inventory Morefeed, the byproduct, the joint cost to be allocated to Betters using the net realizable value method is:
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