Tom recently opened a farm in which she grows tea trees for tea leaves. Tom produces two grades of tea: A grade, B grade and C grade, which she sells without any additional processing to other companies that dry and mix the leaves into blends for sale. The tea leaves are harvested once a year, and in 2020 the harvesting costs were $400,000. Assume that the 2020 harvest yielded 460,000 pounds of A grade tea, 750,000 pounds of B grade tea, and 440,000 pounds of C grade teas. Further assume that Tom allocates joint costs using the physical measure method based on pounds of tea. The A grade leaves were sold for $14 per bushel, the B grade leaves were sold for $18 per bushel and the C grade leaves were sold for $20 per bushel.

How much of the joint cost will be allocated to: SHOW WORK

A grade leaves?

B grade leaves?

C grade leaves?

What is the gross profit percentage per bushel?