Show partial income statements through gross margin for all three methods, assuming both products are further processed into Current Attempt in Progress

It's mind$-$boggling the number of products that are made with cotton. From salad dressing, to T$-$shirts, to diapers, to animal seed, the

possibilities are practically endless. Here is just one combination of products that could be produced from raw cotton, along with a

variety of ways the manufacturer could allocate costs between the products.

Let's start with the joint cleaning and separation process, which allows for the cotton seed and the lint to be separately identifiable.

The following quantities of cotton seed and lint were produced for a total cost $($including the raw cotton and processing costs$)$ of

$$219,000.$

$365,700$ pounds of cotton seed

$324,300$ pounds of lint $($fiber$)$

Both of these products can be sold at this point, or they can be processed further. In their present state, they're worth:

$$0\mathrm{.}13$ per pound for cotton seed

$$0\mathrm{.}75$ per pound for lint

This particular company presses the cotton seed to make oil and uses the lint to make thread. The additional costs and processes

generate higher sales values for the final products, as follows.

$($a$)$

Your answer has been saved. See score details after the due date.

Allocate the joint process costs using the sales value at split$-$off method. $($Round proportion to $2$ decimal places, e$.$g$.0\mathrm{.}25$ and final

answers to $0$ decimal places, e$.$g$.5,125.)$

Attempts: $1$ of $1$ used Allocate the joInt process costs using the NRV method. $($Kouna proport$$on to $3$ aec$$mal places, e$.$g$.$ U$.$Z$$I ana $$nal answers to $U$

decimal places, e$.$g$.5,125.)$

Attempts: $1$ of $1$ used

$($C$)$

Your answer has been saved. See score details after the due date.

Allocate the joint process costs using the physical quantities method. $($Round proportion to $2$ decimal places, e$.$g$.0\mathrm{.}25$ and final

answers to $0$ decimal places, e$.$g$.5,125.)$

Attempts: $1$ of $1$ used

$($d$)$

Show partial income statements through gross margin for all three methods, assuming both products are further processed into

oil and thread, and all quantities produced are sold. $($Enter negative amounts using either a negative sign preceding the number e$.$g$.-45$

or parentheses e$.$g$.(45).)$

Sales value at split$-$off method:

NRV method:

oil and thread, and all quantities produced are sold. $($Enter negative amounts using either a negative sign preceding the number e$.$g$.-45$

or parentheses e$.$g$.(45).)$

Sales value at split$-$off method:

NRV method:

Physical quantities method: