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please complete ALL requirements for part 1,2 Requirements 1. Compute the gross-margin percentage for each product sold in December. using the following methods for allocating
please complete ALL requirements for part 1,2
Requirements 1. Compute the gross-margin percentage for each product sold in December. using the following methods for allocating the $60,000 joint costs a. Sales value at splitoff b. Physical-measure c. NRV 2. Could Sunshine have increased its December operating income by making different decisions about the further processing of products A. B, or D? Show the effect on operating income of any changes you recommend More info - Product A, 253,000 gallons - Product B, 92,000 gallons - Product C, 69,000 gallons - Product D, 46,000 gallons The joint costs of purchasing and processing the crude vegetable oil were $60,000. Sunshine 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: Sunshine had the option of selling products A, B, and D at the splitoff point. This alternative would have yieided the following revenues for the December production: - Product A, $50,000 - Product B, $30,000 - Product D, $60,000 The Sunshine OA Company burs crude vegetable oil Refining this oit resuits in tour products at the splitotf point A. B,C. and 0 . Product C is fully processed by the spltoff poin Products A, B, and D can individually be further refined into Super A. Super B, and Super D in the most recent month (December). the oudpiat at the splefef point was as follows C (Ciick the icon to vow the intcrmation ) Read the Requirement 1. Compute the grossmargin percentage for each product sold in Decomber, using the different methods for allocating the sco:000 oint cests a. Sales Value at Spltoft Begn by entenng the amounts in the table and allocate the jont costs. (Einter thit weights to four decimal piaces) Step by Step Solution
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