Tasty Foods produces two types of microwavable products-beef-flavoured ramen and shrimp-flavoured ramen. The two products share common inputs such as noodles and spices. The productic of ramen results in a waste product referred to as stock, which Tasty dumps at negligible costs in a local drainage area. In June, the following data were reported for the production and sales of beef-flavoured and shrimp-flavoured ramen (Click the icon to view the production and sales 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. The monthly data for all the products follow (Click the icon to view the monthly data for all products.) Required Requirement 1a. Calculate Tasty's gross margin percentage for Special B and Special S using the sales value at splitoff method to allocate the joint costs. Begin by entering the amounts in the table and allocate the joint costs. (Enter the weightings to two decimal places. Round the joint costs allocated to the nearest whole dollar Sales value at splitoff: Sales value of total production at splitoff Weighting Joint costs allocated Special B/ Beef Ramen Special S/ Shrimp Ramen Total Production and sales data Joint costs (costs of noodles, spices, and other Joint Costs inputs and processing to splitoff point) EA $ 240,000 - Beef Shrimp Ramen Ramen Beginning inventory (tons) 0 0 a Production (tons) 10,000 20,000 te Sales (tons) 10,000 20,000 ec Selling price per ton $ 40 $ 55 p Print Done Monthly data for all products Joint costs (costs of noodles, spices, and other inputs and processing to splitoff point) Separable costs of processing 10,000 tons of beef ramen into 12,000 tons of Special B Separable costs of processing 20,000 tons of shrimp ramen into 24,000 tons of Special S Beginning inventory (tons) Production (tons) Transfer for further processing (tons) Sales (tons) Selling price per ton Joint Costs Special B Special S $ 240,000 $ 48,000 $ 168,000 Beef Shrimp Ramen Ramen Special B Special S 0 0 0 0 10,000 20,000 12,000 24,000 10,000 20,000 12,000 24,000 $ 40 $ 55 $ 20 $ 66