Allocating Joint Costs Using the Constant Gross Margin Method A company manufactures three products, L-Ten, Triol, and Pioze, 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: Further Processing Eventual Market Product Gallons Cost per Gallon Price per Gallon L-Ten Triol Pioze Required: 1. Calculate the total revenue, total costs, and total gross profit the company will earn on the sate Total Revenue Total Costs 3,500 4,000 2,300 $0.50 1.00 1.50 $2.00 5.00 6.00 40,800 $ 21,9o0 Total Gross Proft18,900 2. Allocate the joint cost to L-Ten, Triol, and Pioze using the constant gross margin percentage method. Round all other computations to the nearest dollar the gross margin percentage to four decimal places and rou Joint Cost Allocation s1,983 X Product L-Ten Triol Pioze 6,667 X 3,911 X PreviousNew