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The Tri Ken Corporation incurred $3,000 to produce the following products in a joint production...

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Accounting

The Tri Ken Corporation incurred $3,000 to produce the following products in a joint production process

Product T

Product K

Quantity produced and processed beyond splitoff point

130 units

390 units

Separable costs

$1,000

$1,460

Selling price of a fully processed unit

$40

$10

Required:

Compute the amount of joint costs using:

1. physical measures method

2. sales value at split off method

3. NRV method

4. Constant gross margin method

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