Red Sauce Canning Company processes tomatoes into catsup, tomato juice, and canned tomatoes. During November, they incurred joint processing costs of $420,000. Production and sales value information for November are as follows: Product Cases Selling Additional Price/Case Costs/Case 100,000 $10 $2 Catsup Tomato 150,000 $8 Juice Canned 250,000 $12 Tomatoes $1 $3 If the company has a philosophy of marking up their products 20% over cost, the selling price per case of Tomato Juice should be (using the net realizable value method) (round to 2 decimal places)

Question 16 options:

$7.00

$2.06

$1.00

$0.86