Describe the three methods used to allocate joint costs. What are the advantages/disadvantages of each allocation method?

Allocating Joint Costs

Describe the three methods used to allocate joint costs.  What are the advantages/disadvantages of each allocation method?  Which method would you recommend?  Why?  Support your position with evidence from the text or external sources. Your initial post should be 200-250 words.

Guided Response:

Review several of your classmates’ postings.  Respond to at least two of your classmates by asking a question to challenge their recommended allocation method.   Support your question and/or comments with evidence from the text or external sources