stion 23 The Mac Company processes two chemicals, mace and pepper spray. One chemical process is used by both products. Both products are separated at the splitoff point. Mace is ready for sale immediately upon splitoff, but pepper spray requires further processing to create a salable product During 20xx the production, selling prices and sales were Production, pepper spray 10,000 bottles mace 6.240 cans Selling prices and sales: pepper spray $5.00 per bottle. 7.500 bottles sold mace $2.00 per can. 5.000 cans sold The total joint manufacturing costs for 20XX were $10,000. The Mac Company spent an additional $5,000 to make pepper spray ready for the market. There were no beginning inventories for either product What is the gross margin percentage applicable to the constant margin percentage NRV method? O 76% 68% 42% O 56%