The Resch Company operates a simple chemical process to convert a single material into three separate items, referred During 2017, the selling prices of the items and the total arnounts sold were as follows: to here as X, Y, and Z. All three end products are separated simultaneously at a single splitoff point. (Click the icon to view the sales information.) (Click the icon for additional information.) Read the NRV cost allocation methods. Net realizable value of total production at splitoff More info weighting Requirements 1. Compute the cost of inventories of X,Y, and Z for balance sheet purposes and the cost of goods More info following joint-cost-allocation methods: a. NRV (Net realizable value) methad - x120 tons sold for $1,500 per ton b. Constant gross-margin percentage NRV method 2. Compare the gross-margin percentages for X,Y, and Z using the two methods given in - Z - 475 tons sold for $700 per ton requirement 1. The total joint manufacturing costs for the year were $412,000. Resch spent an additional $200,000 to finish product Z. There were no beginning inventories of X, Y, or Z. At the end of the year, the following inventories of completed units were on hand: X,180 tons; Y,60 tons; Z,25 tons. There was no beginning or ending work in process