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The joint costs total $970,000. There are no separable production costs. If K-5 is accounted for as a by-product, its sales are creditec to the

image text in transcribed The joint costs total $970,000. There are no separable production costs. If K-5 is accounted for as a by-product, its sales are creditec 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? Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. What are the allocated joint costs for the three outputs, if K5 is accounted for as a by-product? Note: Do not round intermediate calculations. Round your final answer to the nearest whole dollars

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