Conviser Company produces three products jointly. During May, joint costs totaled $200,000. The following individual product information is available:

Required:
(1) Compute the May gross profit, for each product and in total, using the market value allocation method.
(2) A customer has offered to buy all of Product T output at the split-off point for $7 per unit. Advise the company's management.

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Product C 15,000 13,000 S 20.00 $75,000 Product L Product T Production... 0,000 20,000 9,000 10,000 Sales price..iu... 15.00$ ssing costc $25,000 $40,000