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P16-29 (final answer) Question Help The Cacao Factory manufactures and distributes chocolate products. It purchases cocoa beans and processes them into two intermediate products: chocolate-powder liquor base and milk-chocolate liquor base. These two intermediate products become separately identifiable at a single splitoff point. Every 900 pounds of cocoa beans yields 30 gallons of chocolate-powder liquor base and 120 gallons of milk-chocolate liquor base The chocolate-powder liquor base is further processed into chocolate powder. Every 30 gallons of chocolate-powder liquor base yield 670 pounds of chocolate powder. The milk-chocolate liquor base is further processed into milk chocolate Every 120 gallons of milk-chocolate liquor base yield 1,090 pounds of milk chocolate 1 (Click the icon to view the information.) Read the requirements c. Allocate the joint costs using the net realizable value method. (Round the weighting amounts to four decimal places. Round the joint costs allocated to the nearest whole dollar.) Joint costs allocated Chocolate powder$36,060 Milk chocolate d. Constant gross margin percentage NRV method. Begin by entering he appropriate amounts o allocate the joint costs. Round the gross margin percentage to our decimal places, X X X%. Round all other calculations o the nearest whole 31,940 dollar.) Joint costs allocated Chocolate powder Milk chocolate Enter any number in the edit fields and then click Check Answer parts remaining Clear All Final Check