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Alpine Labs produces a drug used for the treatment of arthritis. The drug is produced in batches. ( (Click the icon to view additional information.)

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Alpine Labs produces a drug used for the treatment of arthritis. The drug is produced in batches. ( (Click the icon to view additional information.) In March, Alpine, which had no opening inventory, processed one batch of chemicals. It sold 1,800 gallons of product for human use and 250 gallons of the veterinarian product. Alpine uses the net realizable value method for allocating joint production costs. Read the requirements. Requirement 1. How much in joint costs does Alpine allocate to each product? (Do not round intermediary calculations. Only round the amount you input in the cell to the nearest dollar.) Joint costs allocated to human product Joint costs allocated to veterinarian product 1. How much in joint costs does Alpine allocate to each product? 2. Compute the cost of ending inventory for each of Alpine's products. 3. If Alpine were to use the constant gross-margin percentage NRV method instead, how would it allocate its joint costs? 4. Calculate the gross margin on the sale of the product for human use in March under the constant gross-margin percentage NRV method. 5. Suppose that the separation process also yields 260 pints of a toxic byproduct. Alpine currently pays a hauling company $6,400 to dispose of this byproduct. Alpine is contacted by a firm interested in purchasing a modified form of this byproduct for a total price of $6,900. Alpine estimates that it will cost about $40 per pint to do the required modification. Should Alpine accept the offer

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