Question Help The Renkas Spirits Company produces two products-methanol (wood alcohol and turpentine-by a joint process. Joint costs amount to $125,000 per batch of output. Each batch totals 13,500 gallons 25% methanol and 75% turpentine Both products are processed further without gain or loss in volume Separable processing costs are methanol, $4 per gailon and turpentine $2 per gallon Methanol sells for $22 per gation. Turpentine sells for 516 per gallon Now show the operating income for both products using the NRV method Methanol Turpentine Total Revenue Enter any number in the edit fields and then click Check Answer The Renkas Spirits Company produces two products-methanol (wood alcohol) and turpentine by a jo batch of output. Each batch totals 13,500 gallons. 25% methanol and 75% turpentine. Both products are Separable processing costs are methanol. $4 per gallon, and turpentine, $2 per gallon Methanol sells for gallon Joint costs Separable costs Total cost of goods sold Separable costs Total cost of goods sold Gross margin