Question: Asking about this question below. Please give me detailed explanations and proper answers. Thanks so much! The Proud Bakers of Canada Company produces baking and

Asking about this question below. Please give me detailed explanations and proper answers. Thanks so much!

The Proud Bakers of Canada Company produces baking and bread our. Joint products costs were $15,300 for the year and sales report the following for the end of the year. Ending Sold Inventory Selling price Separable Product (kilograms) (kilograms) per kilogram costs Baking our 10,500 500 $2.00 $3,000 7.200 Required a. Allocate joint costs using the Constant Gross Margin NRV method. b. Calculate the cost per kilogram for each product. c. Prepare a Gross Margin Income Statement; report the income ofeach product and overall total for the company. Also provide the gross margin percentage for each product and total GM% for the company

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