Meadow 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, Meadow, which had no opening inventory, processed one batch of chemicals. It sold 1,700 galons of product for human use and 100 galone of the veterinarten product. Meadow uses the net neaizable value method for alocating joint production costs. Read the fact Requirement 1. How much in joint costs does Meadow alocate to each product? (Do not found intermediary calculations. Only round the amount you input in the cal to the nearest dollar.) Joint costs allocated to human product Joint costs allocated to veterinarian product Requirements More info Chemicals existing $56,000 ure me and heated, then a unique separation process then extracts the drug from the mixture. A batch yields a total of 2.500 galons of the chemicals. The first 2 300 gallons are sold for human use while the fasl 200 gallares, utichi cxanlainu ir purities are sold to velmiration. The tests of modna, heating, and extracting the drug amount to $334,400 per batch. The outout sold for hurnan use is pasteurized at a total cost of $110.400 and is sold for $580 per gallon. The product sold to veterinariane is irradiated at a cost of $15 per gallon and is sold for $470 par gallon. 1. How much in joint costs does Meadow alocate to each product? 2. Compute the cost or ending inventory for each of Meadow's products. 3. It Meadow were to use the constant groes-margin percentage NRV method instead, how would it alocale it is? 4. Calculate the gross margin on the sale of the pratici for hurranse in March under the constant gross margin percentage NIV method. 5. Suposee that the separation process also yields 280 pints of a toxic byproduct. Meadow currently pays a hauling company S6,400 to dispose of this byproduct. Mestion is conducted by a firn interested in purchasing a modified tom of this byproduct for a total price of $6,500. Meadow westimates that it will cost about $34 per pint to do the recuind modification Should Meacon accept the aller? Print Done Print Done Meadow 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, Meadow, which had no opening inventory, processed one batch of chemicals. It sold 1,700 galons of product for human use and 100 galone of the veterinarten product. Meadow uses the net neaizable value method for alocating joint production costs. Read the fact Requirement 1. How much in joint costs does Meadow alocate to each product? (Do not found intermediary calculations. Only round the amount you input in the cal to the nearest dollar.) Joint costs allocated to human product Joint costs allocated to veterinarian product Requirements More info Chemicals existing $56,000 ure me and heated, then a unique separation process then extracts the drug from the mixture. A batch yields a total of 2.500 galons of the chemicals. The first 2 300 gallons are sold for human use while the fasl 200 gallares, utichi cxanlainu ir purities are sold to velmiration. The tests of modna, heating, and extracting the drug amount to $334,400 per batch. The outout sold for hurnan use is pasteurized at a total cost of $110.400 and is sold for $580 per gallon. The product sold to veterinariane is irradiated at a cost of $15 per gallon and is sold for $470 par gallon. 1. How much in joint costs does Meadow alocate to each product? 2. Compute the cost or ending inventory for each of Meadow's products. 3. It Meadow were to use the constant groes-margin percentage NRV method instead, how would it alocale it is? 4. Calculate the gross margin on the sale of the pratici for hurranse in March under the constant gross margin percentage NIV method. 5. Suposee that the separation process also yields 280 pints of a toxic byproduct. Meadow currently pays a hauling company S6,400 to dispose of this byproduct. Mestion is conducted by a firn interested in purchasing a modified tom of this byproduct for a total price of $6,500. Meadow westimates that it will cost about $34 per pint to do the recuind modification Should Meacon accept the aller? Print Done Print Done