1. Company processes apples into jam, juice, and canned tomatos. During the summer of 2018, the joint costs of processing the tomatoes were $10,000. There was no beginning or ending inventories for the summer. Production and sales value information is as follows:

   Product	Cases	Sales Price at Splitoff Point	Separable Costs	Final Selling Price
   Jam	100	$6 per case	$3.00 per case	$28 per case
   Juice	150	8 per case	5.00 per case	25 per case
   Canned	200	5 per case	2.00 per case	10 per case

   Product	Final Sales Value	Separable Costs	Net Realizable Value	Percentage	Joint Costs	Allocated
   Jam
   Juice
   Canned Tomato
   Totals

   Required:

   Determine the percentage allocated to each product and amount of Joint Costs allocated to each product if the estimated NRV (net realizable value) method is used.

   	A.	Jam 30% and $3,000; Juice 50% and $5,000; Canned tomato 20% and $2,000
   	B.	Jam 35,2% and $3,520; Juice 42,25% and $4,225; Canned tomato 22,53% and $2,253
   	C.	Jam 35% and $3,000; Juice 50% and $5,000; Canned tomato 15% and $2,000
   	D.	Jam 25,5% and $2,550; Juice 54,5% and $5,450; Canned tomato 20% and $2,000