Allocating Joint Costs Using the Constant Gross Margin Method A company manufactures three products, L-Ten, Triol, and Ploze, from a joint process. Each production 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 products is as follows: Further ProcessingEventual Market Product Gallons Cost per Gallon Price per Gallon L-Ten Triol Pioze 2,400 Required: 1. Calculate the total revenue, tothl costs, and total gross profit the company will earn on the sale of LTen, 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 $0.50 1.00 1.50 $2.00 5.00 6.00 3,600 4,000 41,600 22,400 19,200 Joint Cost