The Rainbow Oil Company buys crude vegetable oil. Refining this oll results in four products at the spitoff point. A, B, C, and D. Product C is fully processed by the splitoff point . Products A. B, and D can individually be further refined into Super A. Super B, and Super D. In the most recent month (November), the output at the splitoff point was as follows: (Click the icon to view the information) Read the requirements: Requirement 1. Compute the gross-mergin peroentage for each product sold in November, using the following methods for allocating the $96,000 joint costs: 1. Sales Value at Spltoff. Begin by entering the amounts in the table and allocate the joint costs. (Enter the weights to four decimal places.) Sales value of total Joint costs production at splitoff Weighting allocated 84000 B 72000 D 60000 96000 Compute the gross margin percentage using the sales value at splitoff method to allocate the joint costs. (Enter a "O" for any cells with a zero balance. Round the percentages to two decimal places, X.XX% Use parentheses or a minus sign when entering negative amounts.) Super A Super B Super D Revenues 320000 160000 160000 Joint costs Separable costs Gross margin Gross margin percentago en individual nation.) More info poo joint costs: S-margin pl entering the . Weight Product A, 322,400 gallons Product B, 119,600 gallons Product C, 52,000 gallons Product D, 26,000 gallons The joint costs of purchasing and processing the crude vegetable oil were $96,000. Rainbow had no beginning or ending inventories. Sales of product C in November were $24,000. Products A, B, and D were further refined and then sold. Data related to November follow: Separable Processing Costs to Make Super Products Revenues Super A $ 249,600 $ 320,000 Super B 102,400 160,000 Super D 152,000 160,000 Rainbow had the option of selling products A, B, and D at the splitoff point. This alternative would have yielded the following revenues for the November production: Product A. $84,000 Product B, $72,000 Product D. $60,000 plance. Round the ntage using es, X.XX%.4 Super A 320000