point was as follows: (1) (Click the icon to view the information.) Read the requirements. More info - Product A, 275,000 gallons - Product B, 100,000 gallons - Product C, 75,000 gallons - Product D, 50,000 gallons The joint costs of purchasing and processing the crude vegetable oil were $105,000. Sunshine had no beginning or ending inventories. Sales of product C in December were $45,000. 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 yielded the following revenues for the December production: - Product A,$75,000 - Product B, $62,500 - Product D, $67,500 Requirements 1. Compute the gross-margin percentage for each product sold in December, using the following methods for allocating the $105,000 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