Pop's Custom Furniture LLC makes bookcases and tables to sell at local street fairs. The bookcases and tables are made from a joint process using board feet of lumber. The scrap is the small lumber pieces and sawdust that are not usable or saleable. The related information for the month of July is provided in the table below: Joint Costs for the lumber Physical Measure Split-off Point Additional Separate Processing Costs to complete the product Revenue from the sale of the completed product Cost Board Foot Product Board Foot 70,000.00 34,000 Bookcases 18,000 $ 5,000 S 63,000 Tables 14,000 8,000 $ 63,000 Scrap 2,000 $ $ 34,000 13,000 126,000 Required: 1. Using the Physical Method what is the dollar amount of the Joint Cost allocated to each product? Joint Cost Allocated to Bookcases $ Joint Cost Allocated to Tables $ 2. What is the gross margin in both dollars and % for each of the two products when using the Physical Method to allocate joint cost? Gross Margins Gross Margin Bookcases $ Tables $