9) The Kenton Company processes unprocessed milk to produce two products, Butter Cream and Condensed Milk. The following information was collected for the month of June: Direct Materials processed: 24,500 gallons (after shrinkage) Production: Sales: Butter Cream Condensed Milk Butter Cream Condensed Milk Butter Cream Condensed Milk Butter Cream 12,000 gallons 12,500 gallons 11,500 gallons 12,000 gallons $3.50 per gallon $7.50 per gallon $14,000 Sales Price: Separable costs in total: Condensed Milk $34,700 The cost of purchasing the of unprocessed milk and processing it up to the split-off point to yield a total of 24,500 gallons of saleable product was $55,000. The company uses constant gross-margin percentage NRV method to allocate the joint costs of production. What is the constant gross-margin percent for Kenton? A) 20.4% B) 64.1% C) 23.6% D) 62.6%