Question: Showattempt History Current Attempt in Progress Your Uncle Steven has a wool business in Ireland, The company first shears the sheep and then washes the

 Showattempt History Current Attempt in Progress Your Uncle Steven has a
wool business in Ireland, The company first shears the sheep and then

Showattempt History 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 lanotin 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: If Uncle Steven uses the sales value at split-off method to allocate the joint costs, determine gross margin for each product, recognizing that both products are sold after further processing. (Round proportion to 1 decimal place, e.g. 0.2 and final answers to 0 decimal places, e.8. 5,125.)

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