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Requirement 1. Compute the gross-margin percentage for each product sold in November, using the following methods for allocating the $105,000 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.) More info - Product A, 275,000 gallons - Product B, 100,000 gallons - Product C, 75,000 gallons - Product D, 50,000 gallons The joint costs of purchasing and processing the crude vegetable oil were $105,000. Eastern had no beginning or ending inventories. Sales of product C in November were $45,000. Products A, B, and D were further refined and then sold. Data related to November follow: Eastern 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, $75,000 - Product B, $62,500 - Product D, $67,500 Requirements 1. Compute the gross-margin percentage for each product sold in November, using the following methods for allocating the $105,000 joint costs: a. Sales value at splitoff b. Physical measure c. NRV 2. Could Eastern Oil have increased its November operating income by making different decisions about the further processing of products A, B, or D? Show the effect on operating income of any changes you recommend

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