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Revenue & Cost Information Joint Costs Material, $500; Labor $800; AOH $0.50 per labor dollar, Joint costs are allocated using the sales value at split-off

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Revenue & Cost Information Joint Costs Material, $500; Labor $800; AOH $0.50 per labor dollar, Joint costs are allocated using the sales value at split-off method. Selling prices & production for the period. Product Information U AN20 Unit selling price #ounces produced V 6.00 $ $ $ 5.00 150 8.00 125 NU14 9.00 200 225 Additional Processing Costs AN20 $ 1.00 per ounce of processed per ounce of processed NU14 5 2.75 By-product value (total) M $ 12.00 G $ 40.00 Beginning Finished Goods balances (total) ounces $ AN20 10 $ 55.00 NU14 20 $ 165.00 Planned Sales for the current period AN20 NU14 120 170 Ounces ounces Required: Calculate the company's total gross margin for the current period. All relevant work should be shown, Identify any information that is missing (if necessary)

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