(4) Top Urgent please (answer using keyboard)

Question 4

A manufacturing Corporation produces three joint products. During a recent accounting period, joint costs totaled $365,000. Additional data appear below:

	M1	M2	M3
Volume (units)	150,000	50,000	300,000
Sales value at the split-off point	$375,000	$155,000	$600,000
Sales value after further processing	$450,000	$200,000	$900,000
Separable costs	$50,000	$35,000	$100,000

Required: 1. Use Physical output method to allocate joint costs to joint products. 2. Use Sales value at split-off point method to allocate joint costs to joint products.