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. Buuestion Help ! Red Chef Company processes tomatoes into ketchup, tomato juice, and canned tomatoes. During the summer of 2017, the joint costs of
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Buuestion Help ! Red Chef Company processes tomatoes into ketchup, tomato juice, and canned tomatoes. During the summer of 2017, the joint costs of processing the tomatoes were $2,090,000. The company maintains no inventories. Production and sales information for the summer is as follows: (Click the icon to view the production and sales information.) Determine the amount of joint cost allocated to each product if Red Chef uses the estimated net realizable value method. What is the cost per case for each product? Begin by determining the amount of joint cost allocated to each product if Red Chef uses the estimated net realizable value method. (Round the percentages to the nearest whole number.) Final Sales Value Total Separable Costs Net Realizable Value Joint Total Separable Costs Total Product Costs Costs Allocated i More Info Product Percentage Costs Ketchup Juice Selling Price Canned Product Ketchup Julce Canned Cases 104,000 173,000 204,000 Sales Value at Splitoff Point Separable Costs $13 per case $6 per case $3 per case $2 per case $9 per case $4 per case What is the cost per case for each product? (Round the cost per case to the nearest cent, $X.XX.) Product Cost per case Ketchup $29 per case $30 per case $17 per case Print Done Juice CannedStep by Step Solution
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