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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

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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) Sales (# of cases) Sales Value at Splitoff Point Separable Costs Final Selling Price 80,000 $6 per case Catsup 100,000 120,000 Juice 150,000 $8 per case $3.00 per Catsup Premium $23 case per case $5.00 per Juice Premium $25 per case case $2.50 per Canned Premium $7.5 case per case 150,000 $5 per case Canned 200,000 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

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