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Red Sauce Canning Company processes tomatoes into catsup, tomato juice, and canned tomatoes. During the summer of 20X5, the joint costs of processing the tomatoes
Red Sauce Canning Company processes tomatoes into catsup, tomato juice, and canned tomatoes. During the summer of 20X5, 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 is as follows: (12 points 1. Product Cases Sales Value at Splitoff Point Separable Costs Selling Price $3.00 per $28 per case 25 per case 100,00 56 per case 200,000 5per case 2.50 per Determine the amount allocated to each product if the estimated net realizable value method is used, and compute the 5.00 per case case 10 per ca Required: cost per case for each product
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