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Production and sales information for the summer is as follows: (Click the icon to view the production and sales information.) (Click the icon to view
Production and sales information for the summer is as follows: (Click the icon to view the production and sales information.) (Click the icon to view amounts calculated under the estimated net realizable value method.) Calculate the amount of joint cost allocated to each product if Blue Dot uses the constant gross-margin percentage NRV method. Beqin by determining the overall aross marqin. Data table Reference Blue Stripe Company processes tomatoes into ketchup, tomato juice, and canned tomatoes. During the summer of 2017 , the joint costs of processing the tomatoes were $2,090,000. The company maintains no inventories. Production and sales information for the summer is as follows: (Click the icon to view the production and sales information.) Determine the amount of joint cost allocated to each product if Blue Stripe 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 Blue Stripe uses the estimated net realizable value method. (Round the percentages to the nearest whole number.) What is the cost per case for each product? (Round the cost per case to the nearest cent, $X.XX.) More info Bright Chemicals processes resin from fir trees into three products: printing inks, varnishes, and adhesives. During June, the joint costs of processing were $400,000. Additional information is given below (Click the icon to view the additional information.) Determine the amount of joint cost allocated to each product if Bright uses (1) the physical measure method, and (2) the sales value at splitoff method. Data table \begin{tabular}{lcr} Product & Units Produced & Sales Value at Splitoff Point \\ \hline Printing inks & 19,800 liters $ & 114,680 \\ Varnishes & 19,800 liters & 78,080 \\ Adhesives & 5,400 liters & 51,240 \end{tabular}
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