Question The Southern Oil Company buys crude vegetable oil. Refining this oil results in four products at the splitoff point. A B, C, and D. Product C is fully processed by the spltoff point A, B, and D can individually be further refined into Super A, Super B, and Super D. In the most recent month (December), the output at the splitoff point was as follows: (Click the icon to view the information.) Read the requirements Requirement 1. Compute the gross-margin percentage for each product sold in December, using the different methods for allocating the $60,000 joint costs. a. Sales Value at Splitoff. Begin by entering the amounts in the table and allocate the joint costs. (Enter the weights to four decimal places.) Sales value of total Joint costs production at splitoff Weighting allocated refined on.) lily pro bff poir Product A, 253,000 gallons Product B, 92,000 gallons Product C, 69,000 gallons Product D, 46,000 gallons argin ring the po joint c The joint costs of purchasing and processing the crude vegetable oil were $60,000. Southern 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: eight Separable Processing Costs to Make Super Products Revenues Super A $ 271,000 $ 400,000 Super B 34,000 100,000 Super D 5,000 50,000 Southern 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, $50,000 Product B, $30,000 Product D, $60,000 thel Print Done