Joint Cost Allocation - Byproduct (8 Marks) Trundle Ltd. produces two main products, J and K and, a by-product, L. There were no beginning inventories. During April, it incurred $275,000 of joint 5 costs, which are allocated to main products using the physical output method. 7 Additional information follows: 8 Product Units Produced Units Sold Unit Sales Price 10 J 12,000 9,600 $22 11 K 18,000 15,300 38 12 L 6,000 5,200 3 13 4 Required: 5 Assuming Trundle recognizes by-product revenue at the time of production, what is the total value of ending inventories?