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Concrete Mixtures created cement lawn ornaments for its customers. The joint...

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Accounting

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Concrete Mixtures created cement lawn ornaments for its customers. The joint process costs $184,000 and reates two identifiable products, XS and M. Information for the products is: Required: 1. Use the sales value at split-off method to allocate the joint costs to the two products and calculate the gross margin of each product. 2. Use the physical quantities method to allocate the joint costs to the two products and calculate the gross margin of each product. - Note: Do not round any amounts for either method

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