(Allocating joint cost) Keiffer Production manufactures three joint products in a single process. The following information is available for August 2010:

Sales Value

at Split Off

Cost after

Final Selling

Product

Gallons

per Gallon

Split Off

Price

JP 4539

4,500

$14

$4

$24

JP 4587

18,000

8

5

15

JP 4591

13,500

18

2

22

Allocate the joint cost of $558,000 to the production based on the

a. number of gallons.

b. sales value at split off .

c. approximated net realizable values at split off . (Round all percentages to the nearest whole percentage.)