Case 17-36 Comprehensive Case on Joint Cost Allocation (LO 17-4, 17-5) Edmonton Chemical Company manufactures two industrial chemical products in a joint process. In May. 15.000 galons of input costing $50.000 were processed at a cost of $160,000. The joint process resulted in 12.000 pounds of Resoline and 3.000 pounds of Krypto. Resoline sells for $30 per pound, and Krypto sells for $30 per pound Management generally processes each of these chemicals further in separable processes to produce more refined chemical products. Resoline is processed separately at a cost of $2 per pound. The resulting product, Resolite, sells for $38 per pound Krypto is processed separately at a cost of $10 per pound. The resulting product Kryptite, sells for $50 per pound. Required: 2 Allocate the company's joint production costs for May using the physical units a. method. (Do not round your intermediate calculations.) Jed Products 2- Allocate the company's joint production costs for May using the relative-sales-value b. method. (Do not round your intermediate calculations.) Joint Products 2 a ble Allocate the company's joint production costs for May using the t method do not round your intermediate calculations Join Prada Allocation or 3. Eamonton's managements consider Gootty to process krytte ute . new product Clemeca. The separable process o s 543 per pound