Webster Company produces 30,000 units of product A, 24,000 units of product B, and 16,000 units of product C from the same manufacturing process at a cost of $400,000. A and B are joint products, and C is regarded as a byproduct. The unit selling prices of the products are $30 for A, $25, for B, and $1 for C. None of these products require seperable processing. Of the units produced, Webster Company sells 23,000 of unit A, 23,000 units of product B, and 16,000 of units C. The firm uses the net realizable value method to allocate joint costs and by-product costs. Assume no beginning inventory.
1. What is the value of the ending inventory of product A?
2. What is the value of the ending inventory of product B?