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Cherry Dot Company processes tomatoes into ketchup, tomato juice, and canned tomatoes. During the summer of 2 0 2 0 , the joint costs of

Cherry Dot Company processes tomatoes into ketchup, tomato juice, and canned tomatoes. During the summer of 2020, the joint costs of processing the tomatoes were $2,566,800. The company maintains no inventories. Production and sales information for the summer is as follows:Data tableProductKetchupJuiceCannedCases102,000171,000202,000Sales Value at Splitoff Point$3 per case$9 per case$10 per caseSeparable Costs$2 per case$7 per case$3 per caseSelling Price$26 per case$34 per case$12 per caseReference ProductFinal SalesValueTotalSeparableCostsNetRealizableValueKetchup$Juice2,652,000 $5,814,000204,000 $2,448.0001,197,0004,617,000Canned2,424,000606,0001,818,000Percentage28% S52%20%Joint Costs2,566,800$2,566,8002,566,800Costs AllocatedTotalSeparableCosts718,704 $1,334,736513,360204,000|$1,197,000606,000Total ProductCosts922,7042,531,7361,119,360Now, determine the gross margin allocated to each product using the table below, and then calculate the joint costs allocated to each product if Cherry Dot uses the constant gross-margin percentage NRV method.FinalGrossGrossSalesMarginMarginProductValuePercentageAllocatedKetchup%Juice%Canned%Totals

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