Garden 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, Garden, which had no opening inventory, processed one batch of chemicals. It sold 2,000 gallons of product for human use and 300 gallons of the veterinarian product. Garden uses the net realizable value method for allocating joint production costs Read the requirements Requirement 1. How much in joint costs does Garden 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 Requirement 2. Compute the cost of ending inventory for each of Garden's products. (Round the cost per gallon amounts to the nearest cent.) Human Product Vet Product Total Separable costs Joint costs Total costs Units produced (gallons) Cost per gallon Units in ending inventory (gallons) Cost of ending inventory Requirement 3. If Garden were to use the constant gross-margin percentage NRV method instead, how would it allocate its joint costs? Human Product Vet Product Total Final sales value of production Gross margin Total costs Separable costs Joint costs Garden 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, Garden, which had no opening inventory, processed one batch of chemicals. It sold 2,000 gallons of product for human use and 300 gallons of the veterinarian product. Garden uses the net realizable value method for allocating joint production costs Read the requirements Requirement 1. How much in joint costs does Garden 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 Requirement 2. Compute the cost of ending inventory for each of Garden's products. (Round the cost per gallon amounts to the nearest cent.) Human Product Vet Product Total Separable costs Joint costs Total costs Units produced (gallons) Cost per gallon Units in ending inventory (gallons) Cost of ending inventory Requirement 3. If Garden were to use the constant gross-margin percentage NRV method instead, how would it allocate its joint costs? Human Product Vet Product Total Final sales value of production Gross margin Total costs Separable costs Joint costs