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can you please do part (c) (a) Your answer is correct. If Uncle Brian uses the sales value at split-off method to allocate the joint

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(a) Your answer is correct. If Uncle Brian uses the sales value at split-off method to allocate the joint costs, determine gross margin for each product. recognizing that both products are sold after further processing. (Round proportion to 1 decimal place, eg. 0.2 and final answers to 0 decimal places, es. 5,125.) Wool Blend Yarn Lanolin Cream Gross margin $ eTextbook and Media (b) Your Answer Correct Answer (Used) If Uncle Brian uses the NRV method to allocate joint costs, determine gross margin for each product, again recognizing that both products are sold after further processing. (Round answers to 2 decimal ploces, eg 15,25) Attempts: 1 of 3 used wool fiber and crude lanolin. Then the wool fibers are further processed to make yarn, and the crude lanolin is processed further to make lanolin cream. Uncle Brian asks for your help in allocating costs and determining profitability. Here is the information he sent: (a) Your arswer is correct. If Uncle Brian uses the sales value at split-off method to allocate the joint costs, determine iross margin for each product. recognizing that both products are sold after further processing (Round proportion to 1 decimal place, eg. O2 and finel answers to 0 decimal places, es. 5, 125.) Wool Biend Yarn Lanolin Cream Correct Answer (Used) If Uncle Brianuses the NRV method to allocate joint costs, determine gross margin for each product, again recognizing that both. products are sold after further processing. (Round answers to 2 decimal places, es. 15.25.) (c) x Your answer is incorrect. Since not all of the tanolin cream is sold, determine the ending inventory cost for the fanolin cream under both the sales value at split-off method and the NRV method. (Round onswers to 2 decinal places, ey 15.25.) eTextbook and Media Attempts: 1 of 3 used

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