Question: Use the Net Realizable Value Method to determine the gross margin of two products. Grade AA Grade AB Final Sales value $400,000 $650,000 Less additional

  1. Use the Net Realizable Value Method to determine the gross margin of two products.

Grade AA Grade AB

Final Sales value $400,000 $650,000

Less additional cost 0 0

Net Realizable Value at

Split-off point $400,000 $650,000

Total cost prior to

Split off point =

$233,000

Split =

47% for Grade AA

53% for Grade AB

Gross margin

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