4 Score HW Score: 68.48.85.611 Question Score: 0.61 of 40 pts %E16-25 (similar to) The ABC Company per le che her X Y Z Aland products an Click the icon for additional information) po r tagem simu la ng d odelos split partement Durg 2017, the port l price and the m oo) Read the r ements Requirement 1. Complete con el retories of X ander bere she purposes and the cost of goods sold or income tort purposes of December 31, 2017, the NRV cool location methods (m) Start with the NRV cost allocation method. Begin by computing the net realistic value for total production at the point of pollund weighing for each produce the way to two decals) 0 00 Netraute value of total production at Weighting $400,00000000 00: 0032 More Info . X - 80 tons sold for $2,000 per ton Y - 180 tons sold for $1,500 per ton .Z - 368 tons sold for $1,000 per ton The total joint manufacturing costs for the year were $400,000. ABC spent an additional $250,000 to finish product Z. There were no beginning inventories of X, Y, or Z. At the end of the year, the following inventories of completed units were on hand: X, 120 tons; Y, 120 tons; Z. 32 tons. There was no beginning or ending work in process Print Done i More Info Products X and Y are ready for sale immediately upon splitoff without further processing or any other additional costs. Product Z, however, is processed further before being sold. There is no available market price for Z at the splitoff point. The selling prices quoted here are expected to remain the same in the coming year. Print Done A Requirements 1. Compute the cost of inventories of X, Y, and Z for balance sheet purposes and the cost of goods sold for income statement purposes as of December 31, 2017, using the following joint-cost-allocation methods: a. NRV (Net realizable value) method b. Constant gross-margin percentage NRV method 2. Compare the gross-margin percentages for X, Y, and Z using the two methods given in requirement 1. Print Done