Ray, Inc., is a large food-processing company. It processes 154,000 pounds of peanuts in the peanuts department at a cost of $228,900 to yield 15,000 pounds of product A, 61,000 pounds of product B, and 17,000 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. tsRequirement 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. esti Let's begin by determining the formula to compute the joint costs allocated for product C by entering the appropriate amounts Joint costs allocated