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Red Sauce Canning Company processes tomatoes into catsup, tomato juice, and canned tomatoes. During the summer of 20x3, the joint costs of processing the tomatoes

Red Sauce Canning Company processes tomatoes into catsup, tomato juice, and canned tomatoes. During the summer of 20x3, 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 were as follows:

Product units sales value at splitoff point seperable costs selling price
Catsup 100,000 $6 per case $300,000 $28 per case
Juice 150,000 8 per case 750,000 25 per case
Canned 200,000 5 per case 500,000 10 per case

Determine the amount of joint costs allocated to each product if:

1. Physical Units Method is used.

2. The Sales Value at Splitoff method is used.

3. The estimated net realizable value method is used

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