Rabito, Inc., is a large food-processing company. It processes 157,000 pounds of peanuts in the peanuts department at a cost of $303,100 to yield 25,000 pounds of product A, 99,000 pounds of product B, and 14,000 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. 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. 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.) Now determine the formula to compute the unit cost for products A, B, and C then enter the appropriate amounts. (Round your final answers to two decimal places. For amounts with a $0 balance, make sure to enter " 0 " in the appropriate cell.) Requirement 2. 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. Now compute the net realizable value, weighting and joint costs allocated for products A,B, and C by entering the appropriate amounts. (Round the weighting amounts to four decimal places. Round the joint costs allocated to the nearest whole dollar.) Now determine the formula to compute the unit cost for products A,B, and C then enter the appropriate amounts. (Round your final answers to two decimal places. For amounts with a $0 balance, make sure to enter " 0 " in the appropriate cell.) - Product A is processed further in the salting department at a cost of $36,000. It yields 25,000 pounds of salted peanuts, which are sold for $12 per pound. - Product B (raw peanuts) is sold without further processing at $4 per pound. - Product C is considered a byproduct and is processed further in the paste department at a cost of $13,000. It yields 14,000 pounds of peanut butter, which are sold for $7 per pound. Figure