how is this done?

Help 6 Check Part 1 of 2 Required information Problem 22-5AA (Algo) Allocation of Joint costs LO C2 The following information applies to the questions displayed below! California Orchards reports the following sales data for the year ended December 31 points Sale ook drade of walnuts Number 1 Number 2 Number 3 Total $.432.000 288,000 180,000 $ 900.000 Heferences The company incurred the following joint costs for the year. Tree pruning and care Pickup, sorting, and grading $384.000 153,600 Problem 22-5AA (Algo) Part 1 Required: 1. Use the value basis to allocate Joint costs to the three grades of walnuts on the basis of sales value. 7 California Orchards reports the following sales data for the year ended December 31 Part 2 of 2 Grade of walnutie Number 1 Number 2 Number 3 Total 54)2,000 288.000 180,000 $.900.000 5 points The company incurred the following joint costs for the year. Tree pruning and care Pickup. sorting, and grading 384, OD 153,600 eBook References Problem 22-5AA (Algo) Part 2 2. Compute gross profit for each of the three grades of walnuts. Assume, cost of goods sold consists only of the joint costs Gross Profit Grade Number 1 Number 2 Number 3 Total