Joint Product Costing-Market Value Method. Conviser Company produces three products jointly. During May, joint costs totaled $200,000. The following individual prod- uct information is available: Production Sales units. Sales price. Separable processing cost Required: Product C Product L Product T 15,000 13,000 10,000 9,000 20,000 10,000 $ 20.00 $ 15.00 $ 9.50 $75,000 $25,000 $40,000 (1) Compute the May gross profit, for each product and in total, using the market value allocation method. (2) A customer has offered to buy all of Product T output at the split-off point for $7 per unit. Advise the company's management. CS Scanned with CamScanner