Lastotal produces ice cream from his home. He creates two main products from a joint process, chocolate and vanilla, and one by-product, twists. The twists result from the excess liquid of both the chocolate and vanilla. The chocolate can be sold for $8,000, and the vanilla can be sold for $6,000. The twists will be sold for $900. If Lastotal uses the production method to account for by-products, how much of the joint process costs of $7,500 will be allocated to each product? (Round to the nearest whole dollar)

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The Answer of Lastotal produces ice cream from his home. He creates two main products from a joint process, chocolate and vanilla, and one by-product, twists. The twists result from the excess liquid of both the chocolate and vanilla. The chocolate can be sold for $8,000, and the vanilla can be sold for $6,000. The twists will be sold for $900. If Lastotal uses the production method to account for by-products, how much of the joint process costs of $7,500 will be allocated to each product? (Round to the nearest whole dollar)

Lastotal Produces Ice Cream from His Home