Problem
At the end of his company's first year in operation, Steven is allocating costs to the company's three main products: wheat flour, bleached white flour, and baking flour. These three products are produced from one main process, which costs the company $113,000. The company produced 5,040 pounds of wheat flour, 2,940 pounds of bleached white flour, and 6,020 pounds of baking flour. Of the quantities produced, Steven notes sales of 80%, 90%, and 60% of the wheat, white, and baking flour quantities available, respectively. Calculate how much of the joint costs will be allocated to each of the three joint products under the physical quantities method.