Allocating Jaint Costs Using the Constant Gross Margin Methad A company manufactures three products, L-Ten, Trial, and Pioze, from a joint process. Each praduction run costs $13,000. None of the products can be sold at split-off, but must be processed further. Information on one batch of the three praducts is as follows: Further Processing Product Gallons Cost per Gallon L-Ten Triol 400 4,000 2,300 0.50 1.00 1.50 Eventual Market Price per Gallon $2.00 5.00 6.00 Required: 1. Calculate the total revenue, total costs, and total oross profit the company will eam on the sale of L-Ten, Triol, and Ploze. Total Revenue Total Costs Total Gross Profit 2. Allocate the joint cost to L-Ten, Triol, and Pioze using the constant gross margin percentage method. Round the gross margin percentage to four decimal places and round all other computations to the nearest dollar Joint Cost Produc L-Ten Triol Pioze Allocation Total (Note: The joint cost allocation does not equal due to rounding.) 3 Wat if it cost $2.00 to process each gallon of Triol beyond the split-off point? How would that affect the allocation the nearest dollar. ont cost to these three products? Round the gross margin percentage to our decimal places and round all other computations to Joint Cost Product Allocation L-Ten