Joint Costs Special B Special S $ 380,000 Joint costs (costs of noodles, spices, and other inputs and processing to splitoff point) Separable costs of processing 9,000 tons of Beef Ramen into 12,000 tons of Special B Separable costs of processing 11,000 tons of Shrimp Ramen into 17,000 tons of Special S $ 36,000 $ 136,000 Beef Ramen Shrimp Ramen Special B Special S 0 0 0 0 9,000 11,000 12,000 17,000 Beginning inventory (tons) Production (tons) Transfer for further processing (tons) Sales (tons) Selling price per ton 9,000 11,000 17,000 12,000 20 $ $ 15 $ 35 $ 47 Joint Costs Joint costs (costs of noodles, spices, and other inputs and processing to splitoff point) $ 380,000 Beef Shrimp Ramen Ramen 0 0 9,000 11,000 Beginning inventory (tons) Production (tons) Sales (tons) Selling price per ton 9,000 11,000 $ 15 $ 35 b. Allocate the joint costs using the physical-measure method. Enter the amounts in the table and allocate the joint costs. (Enter the weighting to two decimal places.) Physical-measure method: Special B Special SI beef ramen shrimp ramen Total Physical measure of total production (tons) Weighting Joint costs allocated Compute the gross margin percentages using the physical-measures method to allocate the joint costs. (Round the percentages to the nearest whole percent. Use parentheses or a minus sign when entering applicable negative gross margin amounts and percentages.) Special B Special S Total Revenues Joint costs Separable costs Gross margin Gross margin percentage % % % c. Allocate the joint costs using the net realizable value method. Enter the amounts in the table and allocate the joint costs. (Enter the weighting to two decimal places.) Net realizable value (NRV) method: Special B Special S Total Net realizable value of total production at splitoff Weighting Joint costs allocated Compute the gross margin percentages using the NRV method to allocate the joint costs. (Round the percentages to the nearest whole percent. Use parentheses or a minus sign when entering applicable negative gross margin amounts and percentages.) Special B Special S Total Revenues Joint costs Separable costs Gross margin Gross margin percentage % % %