Nlocating Joint Costs Using the Constant Gross Margin Method A company manufoctures three products, L-Ten, Trol, and Ploze, from a joint process, Each production run costs $12,700. 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: Required: 1. Calculate the total revenve, total costs, and total grosil profis the company will eam on the sale of L-Ten, Triol, and Plore. 2. Allocate the joint cont to L-Ten, Triel, and note using the constant gross margin gercentege method: Round the gross margin percentage to four decimai places and round all other computations to the nearest dollar. 2. Alsocate the joint cost to L-Ten, Triol, and Plore using the constant gross margin percentage method. Round the gross margin percentage to four decimal plac and round all other computations to the nearest dollar. 3. What iC is cost $2.00 to process each gation of Jriol bevond the spit-off point? How would that affect the allocation of joint cost to these three priducts? ground the gross margin percentage to four decimal places and round all other computations to the nearest dollar. (Wote: The joint cost allocotion does not equal due to rounaing;)