Allocating Joint Costs Using the Net Realizable Value Method A company manufactures three products, L-Ten, Triol,...

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Allocating Joint Costs Using the Net Realizable Value Method A company manufactures three products, L-Ten, Triol, and Pioze, from a joint process. Each production run costs $12,200. 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 Processing Eventual Market Product Gallons Cost per Gallon Price per Gallon L-Ten 3,800 $0.70 $2.90 Triol 4,300 0.90 5.40 2,100 1.60 6.90 Pioze Required: 1. Allocate the joint cost to L-Ten, Triol, and Pioze using the net realizable value method. Round your allocation percentages to four decimal places and round the allocated costs to the nearest dollar. Grades L-Ten Triol Pioze Total Joint Cost Allocation 2,626 6,078 3,496 12,200 2. What if it cost $1.90 to process each gallon of Triol beyond the split-off point? How would that affect the allocation of joint cost to the three products? Round your allocation percentages to four decimal places and round the allocated costs to the nearest dollar. Grades L-Ten Triol Pioze Total Joint Cost Allocation 3,687 X 3,604 X 4,909 X 12,200 Allocating Joint Costs Using the Net Realizable Value Method A company manufactures three products, L-Ten, Triol, and Pioze, from a joint process. Each production run costs $12,200. 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 Processing Eventual Market Product Gallons Cost per Gallon Price per Gallon L-Ten 3,800 $0.70 $2.90 Triol 4,300 0.90 5.40 2,100 1.60 6.90 Pioze Required: 1. Allocate the joint cost to L-Ten, Triol, and Pioze using the net realizable value method. Round your allocation percentages to four decimal places and round the allocated costs to the nearest dollar. Grades L-Ten Triol Pioze Total Joint Cost Allocation 2,626 6,078 3,496 12,200 2. What if it cost $1.90 to process each gallon of Triol beyond the split-off point? How would that affect the allocation of joint cost to the three products? Round your allocation percentages to four decimal places and round the allocated costs to the nearest dollar. Grades L-Ten Triol Pioze Total Joint Cost Allocation 3,687 X 3,604 X 4,909 X 12,200