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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: Product Production Sales Sales value at Separable Final Selling Price (# of cases) (# of cases) Splitoff point (per case) $6.00 Costs (per case) (per case) Catsup 100,000 $4.00 $22.00 Catsup Premium Juice 85,000 130,000 160,000 $8.00 $5.00 $25.00 150,000 200,000 Juice Premium Canned $5.00 $2.00 $10.00 Canned Premium 0. Required 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. Complete the following product-line partial income statement for each product C

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