Bennett Corporation is a petroleum manufacturer which produces several sets of joint products; these products include kerosene and fuel oil, liquid asphalt and gasoline, and coal tar and paraffin. A senior cost accountant for Bennett has been asked by her boss to take all three sets of products and allocate the associated joint costs based on three different allocation methodologies. Using the information included within the exhibit, complete the table below for Year 4.

Bennett Corporation Year 4 Production Kerosene and Fuel Oil-Allocation by Unit Volume Kerosene3,500 gallons/mt. for 3 months and 4,260 gallons/mt. for 9 months Fuel oil8,490 gallons/mt. for 4 months and 10,000 gallons/mt. for 8 months Joint costs: $45,000 Liquid Asphalt and Gasoline-Relative NRV (Sales Value Known at Split-Off) Liquid asphalt-2,850 gallons sold at $13/unit Gasoline1,900 gallons sold at $18/unit Joint costs: $6,500 Coal Tar and Paraffin-Relative NRV (No Sales Value Known at Split-Off) Coal tar4,000 pounds sold at $40/unit; further processing costs: $52,000 Paraffin2,800 pounds sold at $60/unit; further processing costs: $36,000 Joint costs: $80,000 Bennett Corporation is a petroleum manufacturer which produces several sets of joint products; these products include kerosene and fuel oil, liquid asphalt and gasoline, and coal tar and paraffin. A senior cost accountant for Bennett has been asked by her boss to take all three sets of products and allocate the associated joint costs based on three different allocation methodologies. Using the information included within the exhibit, complete the table below for Year 4. For each product in column A, calculate the allocated joint costs and enter your associated response rounded to whole numbers in column B. If a response is zero, enter a zero (0). A 1 Product Allocated Joint Costs 2 Kerosene 3 Fuel oil 4 Liquid asphalt 5 Gasoline 6 Coal tar 7 Paraffin