Current Attempt in Progress Your Uncle Steven has a wool business in Ireland. The company first shears the sheep and then washes the wool, at which point it has wool fiber and crude lanolin. Then the wool fibers are further processed to make yarn, and the crude lanolin is processed further to make lanolin cream. Uncle Steven asks for your help in allocating costs and determining profitability. Here is the information he sent: Cost Joint process cost $900 Further processing cost (wool fiber to yarn) 530 Further processing cost (crude lanolin to cream) 660 Wool Blend Wool Fiber Crude Lanolin Yarn Lanolin Cream Quantity produced (pounds) 100 40 160 100 Quantity sold (pounds) 160 80 Sales value per pound $3 $5 $10 $13( c ) Since not all of the lanolin cream is sold, determine the ending inventory cost for the lanolin cream under both the sales value at split-off method and the NRV method. (Round answers to 2 decimal places, e.g. 15.25.) Sales value at split-off method NRV method Ending inventory cost for the Lanolin Cream S eTextbook and Media Save for Later Attempts: 0 of 2 used Submit Answer (d) The parts of this question must be completed in order This part will be available when you complete the n't