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please complete ALL requirements part 1,2 1. Compute the gross-margin percentage for each product sold in December. using the following methods for allocating the $60,000
please complete ALL requirements part 1,2
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 altemative would have yielded the following revenues for the December production - Product A, $50,000 - Product B, $30,000 - Product D, $60,000 The Sunshine Oil Company buys crude vegetable oit Refinng this oil resuits in four products at the splitoff point A, B. C. and D. Product C is fully processed by the splterf point Products A,B, and D can individually be further retined into Super A. Super B, and Super D In the most recint month (December) , the sugput at the splitoff point was as follows 1. (Cick the icon to view the information ) Read the Requirement 1. Compule the gross margin percentage for each product sold in December, using the different methods for allocating the se0, 000 oint cosis -. Sales Vake at Spltoff Begin by entering the amounts in the table and allocate the joit costs (Enter the weights to four decimal places) Step by Step Solution
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