Your Uncle Edward has a wool business in Ireland. The company first shears the sheep and then washes the wool, at which point it has wool fiber and crude lanolin. Then the wool fibers are further processed to make yarn, and the crude lanolin is processed further to make lanolin cream. Uncle Edward asks for your help in allocating costs and determining profitability. Here is the information he sent: It Uncle tawara uses the sales value at split-oIt metnoa to allocate the joint costs, aetermine gross margin tor eacn proauct, recognizing that both products are sold after further processing. (Round proportion to 1 decimal place, e.g. 0.2 and final answers to 0 decimal places, e.g. 5,125.) eTextbook and Media Attempts: 1 of 3 usec (b) If Uncle Edward uses the NRV method to allocate joint costs, determine gross margin for each product, again recognizing that both products are sold after further processing. (Round answers to 2 decimal places, e.g. 15.25.)