Your Uncle Robert 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 Robert asks for your help in allocating costs and determining profitability. Here is the information he sent: To determine if your uncle making a good business decision, indicate the profit or loss to process both of these products further