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1 Joint Cost Allocation - Byproduct (8 Marks) 2 3 Trundle Ltd. produces two main products, J and K; and, a by-product, L. 4 There were no beginning inventories. During April, it incurred $275,000 of joint 5 costs, which are allocated to main products using the physical output method. 6 7 Additional information follows: 8 9 Product OJ 1 K 2 L Required: Units Produced 12,000 18,000 6,000 Units Sold 9,600 15,300 5,200 Unit Sales Price $22 38 3 Assuming Trundle recognizes by-product revenue at the time of production, what is the total value of ending inventories