Rayston, Inc., is a large food-processing company. It processes 160,000 pounds of peanuts in the peanuts department at a cost of $472,400 to yield 44,000 pounds of product A, 90,000 pounds of product B, and 14,000 pounds of product C. 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) Requirements - More info 1. 2. 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. Product A is processed further in the salting department at a cost of $36,000. It yields 44,000 pounds of salted peanuts, which are sold for $9 per pound. Product B (raw peanuts) is sold without further processing at $6 per pound. Product C is considered a byproduct and is processed further in the paste department at a cost of $11,000. It yields 14,000 pounds of peanut butter, which are sold for $8 per pound. -