allocate the joint cost to the joint products using bushels of output 643933

(By product and cost allocation) Macon Farms raises peaches that, at harvest, are separated into three grades: premium, good, and fair. Joint cost is allocated to products based on bushels of output. The $337,500 joint cost for one harvest yielded the following output quantities.

The joint process also created a by product that had a total net realizable value of $45,000. The company records the by product inventory at the time of production. Allocate the joint cost to the joint products using bushels of output.