Tasty Foods produces two types of microwavable products: beef-flavored ramen and shrimp-flavored ramen. The two products share common inputs such as noodle and spices. The production of ramen results in a waste product referred to as stock, which Tasty dumps at negligible costs in a local drainage area. In June 2017, the following data were reported for the production and sales of beef-flavored and shrimp-flavored ramen: (Click the icon to view the data.) Due to the popularity of its microwavable products, Tasty decides to add a new line of products that targets dieters. These new products are produced by adding a special ingredient to dilute the original ramen and are to be sold under the names Special B and Special S, respectively. Following are the monthly data for all the products: E (Click the icon to view the monthly data for all products.) Read the requirements Requirement 1. Calculate Tasty's gross-margin percentage for Special B and Special S using the different methods for allocating the joint costs. a. Allocate the joint costs using the sales value at splitoff method. Begin by entering the amounts in the table and allocate the joint costs. (Enter the weighting to two decimal places.) Sales value at splitoff: Special B Special SI beef ramen shrimp ramen Total Sales value of total production at splitoff Weighting Joint costs allocated Compute the gross margin percentages using the sales value at splitoff method to allocate the joint costs. (Round the percentages to the nearest whole percent. Use parentheses or a minus sign when entering applicable negative gross margin amounts and percentages.) Special B Special S Total Revenues Joint costs Separable costs Gross margin Gross margin percentage % % % Joint Costs Joint costs (costs of noodles, spices, and other inputs and processing to splitoff point) $ 380,000 Beef Shrimp Ramen Ramen 0 0 Beginning inventory (tons) Production (tons) Sales (tons) Selling price per ton 9,000 9,000 11,000 11,000 $ $ 15 $ 35 Joint Costs Special B Special S Joint costs (costs of noodles, spices, and other inputs and processing to splitoff point) $ 380,000 Separable costs of processing 9,000 tons of Beef Ramen into 12,000 tons of Special B $ 36,000 Separable costs of processing 11,000 tons of Shrimp Ramen into 17,000 tons of Special S $ 136,000 Beef Shrimp Ramen Ramen Special B Special S Beginning inventory (tons) 0 0 0 0 Production (tons) 9,000 11,000 12,000 17,000 Transfer for further processing (tons) 9,000 11,000 Sales (tons) 12,000 17,000 Selling price per ton $ 15 $ 35 $ 20 $ 47 $