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Allocating Joint Costs Using the Net Realizable Value Method A company manufactures three products, L-Ten, Triol, and Pioze, from a joint process. Each production run

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Allocating Joint Costs Using the Net Realizable Value Method A company manufactures three products, L-Ten, Triol, and Pioze, from a joint process. Each production run costs $12,900. 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 Cost per Gallon Eventual Market Price per Gallon Product Gallons L-Ten 3,800 $0.50 $2.60 Triol 4,300 1.00 5.40 Ploze 2,300 1.50 6.90 Required: 1. Allocate the joint cost to L-Ten, Triol, and Ploze using the net realizable value method. Round your allocation percentages to four decimal places and round the allocated costs to the nearest dollar. Required: 1. Allocate the joint cost to L-Ten, Trol, and Pioze using the net realizable value method. Round your allocation percentages to four decimal places and round the allocated costs to the nearest dollar. Joint Cost Grades Allocation L-Ten Triol Pioze Total

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