ACTIVITY 3.2.Allocation of joint costs using the physical measure method Skill Builder Exercise & Document Submission Instructions J.H. Dickenson processes logs into two types of lumber. The cost of processing logs is $500,000. The processing of the logs result in lumber for buildings and lumber for furniture Please see below details for the joint products - Products Buildings 100,000 units Furniture Output Final selling price $100 25,000 units $150 The lumber for the building is sold at splitoff. The lumber for the furniture is processed further at an additional cost of $50,000. There is a market for the lumber for the furniture at splitoff at a selling price of $100. Allocate the joint cost using the physical measure method and upload your answers in a