ADDITIONAL QUESTION - JOINT COSTS Green Co processes X into various industrial products. In January 2023, Green incurred joint costs of $100,000 to purchase X and convert it into two products: A and B. Although there is an active outside market for B, Green processes all 800 tons of B it produces into 500 tons of C, which is then sold. There were no beginning or ending inventories in January. Information for January 2023 production and sales follows: 1. Allocate the joint costs of $100,000 between A and C under the sales value at splitoff method and calculate the cost per ton. Calculate gross margin percentages. Sales value of total production at splitoff point Weighting Joint costs allocated Joint production cost per ton Sales revenue Joint costs Separable costs Gross Margin Gross Margin Percentage Product A Product C Total