The correct answer is D. Please show all work.

8) The Green Company processes unprocessed goat milk up to the split-off point where two products, condensed goat milk and skim goat milk result. The following information was collected for the month of October: Direct Materials processed: Production: 102,500 gallons (after shrinkage) Condensed goat milk 43,000 gallons Skim goat milk 59,500 gallons Condensed goat milk $3.75 per gallon Skim goat milk $2.75 per gallon Sales: The costs of purchasing the of unprocessed goat milk and processing it up to the split-off point to yield a total of 102,500 gallons of saleable product was $186,480. There were no inventory balances of either product. Condensed goat milk may be processed further to yield 42,500 gallons (the remainder is shrinkage) of a medicinal milk product, Xyla, for an additional processing cost of $3 per usable gallon. Xyla can be sold for $21 per gallon. Skim goat milk can be processed further to yield 58,200 gallons of skim goat ice cream, for an additional processing cost per usable gallon of $3. The product can be sold for $8 per gallon. There are no beginning and ending inventory balances. Using the sales value at split-off method, what is the gross-margin percentage for condensed goat milk at the split-off point? (Round intermediary percentages to the nearest hundredth.) A) 50.00% B) 50.37% C) 49.63% D) 42.60%