$1.$After allocating the joint process costs to its two joint products. Magold Co$.$ reports gross margin percentages of $25\%$ for Product A and $35\%$ for Product B$.$ Sales reported for each product were $$0$ for Product A and $$53,000$ for Product B$.$ Neither of the two products were processed beyond the split$-$off point. Calculate the total amount of joint costs assigned between the two products.

Product B

Product A

Allocated joint costs

$

$

Assuming Marigold used the physical quantities method to allocate the joint costs, what percentage of the total production volume did Product B represent? $($Round answer to $2$ decimal places, eg$.15\mathrm{.}25\%.)2.$ Nash's woodworking business produces two products from its joint process: one main product $($sanded and finished trim pieces$)$ and one by$-$product $($sawdust$/$shavings$).$ The joint process has a cost of $$29,000,$ which results in trim pieces worth $$52,000$ and sawdust$/$shavings that can be sold for $$2,800.$ If Nash uses the production method to account for by$-$products, determine how much of the joint process cost will be allocated to each product. In other words, how much inventory cost will be recorded for each product?

Main product

By$-$product

Allocated joint costs

$

$