Chem Manufacturing Company processes direct materials up to the spillt-off point where two products (X and Y) are obtained and sold. The following information was collected for the month of November Direct materials processed Production Sales x Y 10,700 gallons (10,700 gallons yield 10,200 gations of good product and 500 gallons of shrinkage) 5,800 gallons 4,400 gallons 5,550 at $150 per gallon 4,150 at $90 per gallon The cost of purchasing 10,700 gallons of direct materials and processing it up to the split-off point to yield a total of 10,200 gallons of good products was $1,150,000 The beginning inventories totaled 40 gallons for X and 370 gallons for Y. Ending inventory amounts reflected 595 gallons of Product X and 832.500 gallons of Product Y. October costs per unit were the same as November Using the physical-volume method, what is Product X's approximate gross-margin percentage? (Round all intermediary calculations two decimal places) OA. 57% OB. 29% OC. 25% OD. 33%