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Green Stripe Company processes tomatoes into ketchup, tomato juice, and canned tomatoes. During July 2020, the joint costs of processing the tomatoes were $4,172,000.
Green Stripe Company processes tomatoes into ketchup, tomato juice, and canned tomatoes. During July 2020, the joint costs of processing the tomatoes were $4,172,000. The company maintains no inventories. Production and sales information follows: Begin by determining the amount of joint cost allocated to each product if Green Stripe uses the estimated net realizable value method. (Round the percentages to the nearest whole number.) Product Final Sales Value Total Separable Costs Net Realizable Value Joint Costs Percentage Costs Allocated Total Separable Costs Total Product Costs Ketchup % Juice % Canned % 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 More info - Sales Value at Product Cases Splitoff Point Separable Costs Selling Price Ketchup 200,000 $6 per case $3 per case $24 per case Juice 350,000 $8 per case $5 per case $25 per case Canned 400,000 $5 per case $3 per case $10 per case Print Done
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