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help with question c Marigold & Sons produces tomato juice and tomato puree from fresh tomatoes grown by local farmers. The company purchases large crates
help with question c
Marigold \& Sons produces tomato juice and tomato puree from fresh tomatoes grown by local farmers. The company purchases large crates of tomatoes and then washes, sorts, scalds, peels, and crushes them, at which point the juice and the pulp are separately identifiable. Marigold currently processes the pulp further to transform it into his great-great-grandmother's secret-recipe spaghetti sauce. The specifics on each of these products for one month are as follows. (a) * Your answer is incorrect. Using the NRV method for allocating joint costs, specify how much joint cost will be allocated to the juice and to the puree/spaghetti sauce. (Round proportion to 4 decimal places, eg. 0.2516 and final answers to 2 decimal places, eg. 15.25.) Marigold recently became aware of consumer preferences for flavored tomato juice. With some slight modifications to his facility, he could process the tomato juice further and turn it into clam-flavored tomato juice for an additional processing cost of $1,600. With no change in total volume, this flavored juice could sell for $36,000. Given this new information, recalculate the joint cost allocations for both joint products under the NRV method. (Round proportion to 4 decimal places, eg. 0.2516 and final answers to 2 decimal places, e.g. 15.25.) eTextbook and Media Attempts: 0 of 3 used (C) The parts of this question must be completed in order. This part will be avallable when you complete the part aboveStep by Step Solution
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