Thank you! Fox Company processes a chemical that yields two joint products Clean and Wash. Each batch costs $1,200 and produces 37 gallons of Clean and 41 gallons of Wash. Both products need additional processing after the initial split-off.

Clean is processed further at a cost of $2.50 per gallon. Wash is processed further at a cost of $2.25 per gallon. Clean and Wash can be sold for $22 and $19 per gallon, respectively.

Management at Fox Company does not like the joint cost allocation results of the net realized value method. They want you to undertake a cost allocation so that the gross margin percent (revenue minus gross margin divided by revenue) is the same. Senior management feels that this will result in a better distribution of the joint cost.

Allocate the $1,200 joint cost using the net realizable value method.

Do not enter dollar signs or commas in the input boxes. Round all answers to 2 decimal place. Do not use the negative sign.

	Clean	Wash	Total
Revenue per Batch	$Answer	$Answer	$Answer
Additional Processing Costs	$Answer	$Answer	$Answer
Net Realizable Value	$Answer	$Answer	$Answer
Joint Cost Allocation	$Answer	$Answer	$Answer