Joint Cost Allocation --Physical Units Method Big Al's Inc. produces and sells various cuts of steak, including sirloin, ribeye, and T-bone. The cuts of steak are produced jointly until Big Als cattle are butchered. Big A estimates that, at the split-off point, 10 cows yield 99 pounds of sirloin cuts, s5 pounds of ribeye cuts, and 66 pounds of T-bone cuts, Given Big Als estimate that the point cost of producing 10 cows worth of steak cuts is $1.500, use the physical units method to allocate the Joint costs of production to each product Joint Product Allocation Sirloin steak Ribeye steak T-bone steak Totals Joint Cost Allocation-Weighted Average Method Gary's Grooves Co, produces two types of carving knives, one with a handle made of a polymer that looks like walnut wood and another with a handle made with a polymer that looks like red oak. The knives are made through a joint production molding process that produces 330 knife blades for red oak handle knives and 220 knife blades for walnut handle knives at the split-off point. The polymer for the red oak handie knife blades requires twice as much cooling time as the polymer for the walnut handle knife blades, although all knives are removed from the Joint molding process at the same time (le, once the cooling for the red oak handle knives is complete) The joint production process costs a total of $6,500 Assuming the company allocates joint costs using the weighted average method based on the required cooling time of the two point products, determine the amount of joint production costs allocated to each type of knite using the weighted average method Joint Product Allocation Red oak handle carving knife Walnut handle carving knife Totals