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The Western Oil Company buys crude vegetable oil. Refining this oil results in four products at the splitoff point. A, B, C, and D. Product

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The Western Oil Company buys crude vegetable oil. Refining this oil results in four products at the splitoff 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: (3) (Click the icon to view the information.) Read the requirements. - Product A, 250,000 gallons - Product B, 95,000 gallons - Product C,45,000 gallons - Product D, 110,000 gallons The joint costs of purchasing and processing the crude vegetable oil were $40,000. Western had no beginning or ending inventories. Sales of product C in November were $60,000. Products A, B, and D were further refined and then sold. Data related to November follow: Western 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, \$40,000 - Product B, $30,000 - Product D, $70,000 Requirement 1. Compute the gross-margin percentage for each product sold in November, using the following methods for allocating the $40,000 joint costs: a. Sales Value at Splitoff. Begin by entering the amounts in the table and allocate the joint costs. (Enter the weights to four decimal places.)

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