Joint Cost Allocation Physical Units Method Blake's Blacksmith Co. produces two types of shotguns, a 12 gauge and 20 gauge. The shotguns are made through a joint production process that ultimately produces 30 12 gauge shotguns and 20 20-gauge shotguns and costs a total of $3,500 per batch Alter the split off point, each type of shotgun goes through an additional crafting process before it is sold. The additional production process of the 12 gauge shotgun costs $30 per gun, after which it is sold for $170 per pun. The additional production process of the 20-gauge shotgun costs $22 per gun, after which it is sold for $152 per pun. Determine the amount of joint production conts allocated to each type of shotgun using the physical units method. Joint Product Allocation 12 gauge shotgun 20-gauge shotgun Totals Joint Cost Allocation-Weighted Average Method Gary's Grooves co produces two types of carving knives, one with a handle made of a polymer that looks like walnut wood and another with a handle made with a polymer that looks like red oak. The knives are made through a joint production molding process that produces 315 knife blades for red cak handle knives and 270 knife blades for walnut handle knives at the split off point. The polymer for the red oak handle knife blades requires twice as much cooling time as the polymer for the walnut handle knife blades, although all knives are removed from the joint molding process at the same time (1.c, once the cooling for the red oak handle knives is complete). The joint production process contra total of $6,500. Assuming the company allocates joint costs using the weighted average method based on the required cooling time of the two joint products, determine the amount of Joint production costs allocated to each type of knife using the weighted average method, Joint Product Allocation Red oak handle carving knife Walnut handle carving knife Totals