Longwood Corporation processes a liquid into three outputs: $K-2,K-4,$ and $K-5.$ The sales value of each of these products for a single batch follows:

$K-2$ $$579,600$

$K-4428,400$

$K-5192,000$

The joint costs total $$850,000.$ There are no separable production costs. If $K-5$ is accounted for as a by$-$product, its sales are credited to the joint manufacturing costs using method $1$ described in the text.

Required:

a$-1.$ What are the allocated joint costs for the three outputs, if $K-5$ is accounted for as a joint product?

a$-2.$ What are the allocated joint costs for the three outputs, if $K-5$ is accounted for as a by$-$product?

Complete this question by entering your answers in the tabs below.

What are the allocated joint costs for the three outputs, if $K-5$ is accounted for as a joint product?

Note: Do not round your intermediate calculations.

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