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 K-4 K-5 $ 580,600 429,400 192,500 The joint costs total $860,000. There are go 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. Req A1 Req A2 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. Round your final answer to the nearest whole dollars. Accounted for as a Joint Product K-2 K-4 K-5 RA Req A2 > 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 K-4 K-5 $ 580,600 429,400 192,500 The joint costs total $860,000. 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: e-1. What are the allocated joint costs for the three outputs, if K-5 is accounted for as a joint product? 6-2. 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. Req A1 Req A2 What are the allocated joint costs for the three outputs, if K-5 is accounted for as a by-product? Note: Do not round intermediate calculations. Round your final answer to the nearest whole dollars. K-2 Allocated for as a By Product K-4 K5