Cherry Dot Company processes tomatoes into ketchup, tomato juice, and canned tomatoes. During July 2020, the...
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Cherry Dot Company processes tomatoes into ketchup, tomato juice, and canned tomatoes. During July 2020, the joint costs of processing the tomatoes were $2,082,000. The company maintains no inventories. Production and sales information follows: (Click the icon to view the production and sales information.) Determine the amount of joint cost allocated to each product if Cherry Dot 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 Cherry Dot uses the estimated net realizable value method. (Round the percentages to the nearest whole number.) Final Total Net Sales Separable Realizable Product Value Costs Value Percentage Ketchup 2958000 306000 2652000 33.11 % Juice 4524000 1218000 3306000 41.28 % Canned 2460000 410000 2050000 25.59 % Total Total Joint Costs Separable Product Costs 2002000 Allocated Costs Costs 690250 2 206000 0052502ll Cherry Dot Company processes tomatoes into ketchup, tomato juice, and canned tomatoes. During July 2020, the joint costs of processing the tomatoes were $2,082,000. The company maintains no inventories. Production and sales information follows: (Click the icon to view the production and sales information.) Determine the amount of joint cost allocated to each product if Cherry Dot 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 Cherry Dot uses the estimated net realizable value method. (Round the percentages to the nearest whole number.) Final Total Net Sales Separable Realizable Product Value Costs Value Percentage Ketchup 2958000 306000 2652000 33.11 % Juice 4524000 1218000 3306000 41.28 % Canned 2460000 410000 2050000 25.59 % Total Total Joint Costs Separable Product Costs 2002000 Allocated Costs Costs 690250 2 206000 0052502ll
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