Case #2 From a common input of lumber, Amber Carpentry Inc. poduces three main products: tables, chairs, and futons. As a byproduct of the production process, the company can package and sell bags of wood chips. In September, the company spent $275,000 of joint costs, and reported the following information: Product Tables Chairs Futons Bags of wood chips Units produced 144 840 216 600 Units Sold 10,500.00 64,260.00 16,800.00 5,720.00 Selling price per unit $2,300.00 $390.00 $480.00 $4.00 Required A) If the company allocates joint costs using the physical measure method and recognizes byproduct revenue at the time of production, compute the amount of joint costs would be allocated to each of the following: (i) Tables (ii) Chairs (iii) Futons B) If the company allocates joint costs using the sales value at split-off point physical measure method and recognizes byproduct revenue at the time of production, compute the amount of joint costs would be allocated to each of the following: (i) Tables (ii) Chairs (iii) Futons C) Which method do you recommend the company use for allocating joint costs? Why? (Recall the criteria used for allocating joint costs)