Question: Argon Manufacturing Company processes direct materials up to the splitoff point where two products (U and V) are obtained and sold. The following information was

Argon Manufacturing Company processes direct materials up to the splitoff point where two products (U and V) are obtained and sold. The following information was collected for last quarter of the calendar year: Direct materials processed: 20,000 gallons (20,000 gallons yield 19,000 gallons of good product and 1,000 gallons of shrinkage) Production: U 10,000 gallons V 9,000 gallons Sales: U 9,500 at $150 per gallon V 8,000 at $100 per gallon The cost of purchasing 20,000 gallons of direct materials and processing it up to the splitoff point to yield a total of 19,000 gallons of good products was $1,950,000. Beginning inventories totaled 100 gallons for U and 50 gallons for V. Ending inventory amounts reflected 600 gallons of Product U and 1,050 gallons of Product V. October costs per unit were the same as November. What are the physical-volume proportions for products U and V, respectively?

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