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Red Sauce Canning Company processes tomatoes into catsup, tomato juice, and canned tomatoes. During November 1999, they incurred joint processing costs of $420,000. Production and
Red Sauce Canning Company processes tomatoes into catsup, tomato juice, and canned tomatoes. During November 1999, they incurred joint processing costs of $420,000. Production and sales value information for November 1999 are as follows: Product Cases Selling Price/Case Additional Costs/Case Catsup 100,000 $10 $2 Tomato Juice 150,000 $8 $1 Canned Tomatoes 250,000 $12 $3 The unit cost per case of Canned Tomatoes using the physical volume method is (rounded to 2 decimal places): A. $0.84 B. $1.84 C. $2.84 D. $3.84 The joint cost allocated to Canned Tomatoes using the net realizable value method is (rounded to the closest $): A. $81,942 B. $107,562 C. $230,496 D. $210,000
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