Miller Company produces three products A, B & C from a joint process where joint cost is $100,000. Processing cost after split off for product A is $20,000, B is $30,000 and C is $ 50,000. Quantity produced for sale of A is 3000, B is 4000 and C is 3000 and selling price for A is $20, B is $27.5 and C is $30 per unit. Calculate Hypothetical value of each product and allocate joint cost among the products.

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