Tango Company produces joint products M$,$ N$,$ and T from a joint process. This information concerns a batch produced in April at a joint cost of $$140,000$:

Product Units Produced and Sold After Split$-$Off

Total Separable Costs Total Final Sales Value

M $12,000$ $ $13,400$ $ $180,000$

N $6,00010,400160,000$

T $7,0005,20029,000$

How much of the joint cost should be allocated to each joint product using the physical$$measure method?

$$How much of the joint cost should be allocated to each joint product using sales value at$$the split off method?

$$Which of the $3$ methods the company should use to allocate the joint cost and why?