Cola Drink Company processes direct materials up to the splitoff point where two products, A and B, are obtained. The following information was collected for the month of July: Direct materials processed: 2,500 liters (with 20% shrinkage) Production: A 1,500 liters B 500 liters Sales: A $15.00 per liter B $10.00 per liter The cost of purchasing 2,500 liters of direct materials and processing it up to the splitoff point to yield a total of 2,000 liters of good products was $4,500. There were no inventory balances of A and B. Product A may be processed further to yield 1,375 liters of Product Z5 for an additional processing cost of $150. Product Z5 is sold for $25.00 per liter. Product B may be processed further to yield 375 liters of Product W3 for an additional processing cost of $275. Product W3 is sold for $30.00 per liter. Required: Determine the amount of joint cost allocated to each product( product A and B) if the sales value at splitoff method is used Determine cost per unit for each product under sales value at split off Calculate Gross profit and Gross margin percentage for each product under sales value at split off method Determine Product Z5's estimated net realizable value