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Red Sauce Canning Company processes tomatoes into catsup, tomato juice, and canned tomatoes. During the summer of 20x5, the joint costs of processing the tomatoes

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Red Sauce Canning Company processes tomatoes into catsup, tomato juice, and canned tomatoes. During the summer of 20x5, the joint costs of processing the tomatoes were $420,000. There was no beginning or ending inventories for the summer. Production and sales value information for the summer is as follows: Product Cases Sales Value at Splitoff Point Senarable Costs Selling Price Catsup Juice Canned 100,000 150,000 200,000 $6 per case 8 per case 5 per case $3.00 per case 5.00 per case 2.50 per case $28 per case 25 per case 10 per case Required: Determine the amount allocated to Juice product if the estimated net realizable value method is used

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