28 is not $0.86

Use the following information to answer questions 26 - 29 Red Sauce Canning Company processes tomatoes into catsup, tomato juice, and canned tomatoes. During November, they incurred joint processing costs of $420,000. Production and sales value information for November are as follows: If the company has a philosophy of marking up their products 20% over cost, the selling price per case of Tomato Juice should be (using the net realizable value method is (round to 2 decimal places) a) $0.86 b) $2.06 c) $7.00 d) $1.00