Raap, Inc., is a large food-processing company. It processes 153,000 pounds of peanuts in the peanuts department at a cost of $219,200 to yield 10,000 pounds of product A, 60,000 pounds of product B, and 16,000 pounds of product C (Click the icon to view the information.) The company wants to make a gross margin of 10% of revenues on product C and needs to allow 20% of revenues for marketing costs on product C. An overview of operations follows: Click the icon to view the overview.) Read the requirements Figure Requirements Separable Costs 1. Joint Costs $219,200 10,000 pounds Salting Department Processing $20,000 Salted Peanuts 10,000 pounds S12/16 Compute unit costs per pound for products A, B, and C, treating C as a byproduct. Use the NRV method for allocating joint costs. Deduct the NRV of the byproduct produced from the joint cost of products A and B. Compute unit costs per pound for products A, B, and C, treating all three as joint products and allocating joint costs by the NRV method. 2. Peanuts Department Processing of 153,000 lb Raw Peanuts 60,000 pounds $5/16 More info Paste Department Processing $11,200 Peanut Butter 16,000 pounds $12/1b Product A is processed further in the salting department at a cost of $20,000. It yields 10,000 pounds of salted peanuts, which are sold for $12 per pound. Product B (raw peanuts) is sold without further processing at $5 per pound. Product C is considered a byproduct and is processed further in the paste department at a cost of $11,200. It yields 16,000 pounds of peanut butter, which are sold for $12 per pound. 16,000 pounds Splitoff Point Requirement 1. Compute unit costs per pound for products A, B, and C, treating C as a byproduct. Use the NRV method for allocating joint costs. Deduct the NRV of the byproduct produced from the joint cost of products A and B. Let's begin by determining the formula to compute the joint costs allocated for product C by entering the appropriate amounts. Joint costs Net realizable value Joint costs allocated Please help by explaining the NRV here too! $ 219,200 123,200 96,000 Now compute the net realizable value, weighting and joint costs allocated for products A and B by entering the appropriate amounts. (Round the weighting amounts to four decimal places.) Net realizable value Weighting B Total