Question 16 (2.5 points) Listen Saved Red Sauce Canning Company processes tomatoes into catsup, tomato juice, and canned tomatoes. During November, they incurred joint processing costs of $420,000. Production and sales value information for November are as follows: Selling Additional Product Cases Price/Case Costs/Case Catsup 100,000 $10 $2- Tomato Juice 150,000 $8 $1 Canned Tomatoes 250,000 $12 $3 If the company has a philosophy of marking up their products 20% over cost, the selling price per case of Tomato Juice should be (using the net realizable value method) (round to 2 decimal places) 0 $1.00 $7.00 $0.86 $2.06