QS 9-21A (Algo) Joint cost allocation LO C2 A company purchases a 8,280-square-foot building for $350,000. The building has two separate rental units. Unit A, which has the desirable location on the corner and contains 1,080 square feet, will be rented for $2.00 per square foot. Unit B contains 7,200 square feet and will be rented for $1.20 per square foot. How much of the joint cost should be allocated to Unit A and to Unit B using the value basis of allocation? Unit A Unit B Totals Rental value Percent of rental value Allocated Joint Cost cost Numerator Denominator % of Mkt Value