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Compute the gross margin percentage using the sales value at splitoff method to allocate the joint costs. (Enter a 0 for any cells with
Compute the gross margin percentage using the sales value at splitoff method to allocate the joint costs. (Enter a "0" for any cells with a zero balance. Round the percentages to two decimal places, X.XX%. Use parentheses or a minus sign when entering negative amounts.) Super A Super B Super D Revenues Joint costs Separable costs Gross margin Gross margin percentage % % % % Enter any number in the edit fields and then click Check Answer. *parts Clear Al Chook Answer ? i More Info - Product A, 250,000 gallons Product B, 95,000 gallons Product C, 45,000 gallons Product D, 110,000 gallons The joint costs of purchasing and processing the crude vegetable oil were $40,000. Sunny had no beginning or ending inventories. Sales of product C in December were $60,000. Products A, B, and D were further refined and then sold. Data related to December are as follows: Separable Processing Costs to Make Super Products Super A $ Super B Super D Revenues 170,000 $ 250,000 60,000 100,000 5,000 25,000 Sunny had the option of selling products A, B, and D at the splitoff point. This alternative would have yielded the following revenues for the December production: Product A, $40,000 Product B, $30,000 Product D, $70,000
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