Pickett Manufacturing uses a joint production process that produces three products at the split-off point. Joint production costs during April were $540,000. Product information for April was as follows: Which product should Pickett process further? (A) Product R (B) Product R and T (C) Product T (D) Product R, S and T Ritz Foods produces two types of cereal: Frosted Flakes and Choco Crunch. The two products share joint costs of $20,000 in June. Following are the monthly data for two products: When using the constant gross-margin percentage net realizable value method, what is the amount of joint costs that will be allocated to Frosted Flakes? (A) $10,000 (B) $11,905 (C) $12,000 (D) $14,200