Red Sauce Canning Company processes tomatoes into catsup, tomato juice, and canned tomatoes. During the summer of 2018, the joint costs of processing the tomatoes were $420,000. There was no beginning inventory for the summer. Production and sales information for the summer is as follows: Production(# Product of cases) Catsup BH Sales Sales Value at Separable Final Selling cases) Splitoff Costs Price Point 80,000 $6 per $3.00 per Catsup Premium case case $23 per case 120,000 $8 per $5.00 per Juice Premium case case $25 per case 150,000 $5 per $2.50 per Canned Premium case case $7.5 per case Juice 150.000 Canned Required: a. Determine the amount allocated to each product if the estimated net realizable value method is used. b. Compute the cost per case for each product. C. Complete the following product-line partial income statement for each product Product-line Income Statement Catsup by using NRV method Premium Revenues 1,840,000 Cost of goods sold Juice Premium 3,000,000 Canned Premium 1,125,000 Joint costs 140,000 210,000 70,000 Separable costs Production costs Deduct ending inventory 300,000 440,000 88,000 I 352,000 1,488,000 750,000 500,000 960,000 570,000 192,000 142,500 768,000 427,500 2,232,000 697,500 74.40 62.00 Cost of goods sold Gross margin Gross margin percentage 80.87