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Two Square Company processes tomatoes into ketchup, tomato juice, and canned tomatoes. During the summer of 2017, the joint costs of processing the tomatoes were
Two Square Company processes tomatoes into ketchup, tomato juice, and canned tomatoes. During the summer of 2017, the joint costs of processing the tomatoes were $2,080,000. The company maintains no inventories. Production and sales information for the summer is as follows: (Click the icon to view the production and sales information.) Determine the amount of joint cost allocated to each product if Two Square uses the estimated net realizable value method. What is the cost per case for each product? Begin by determining the amount of joint cost allocated to each product if Two Square uses the estimated net realizable value method. (Round the percentages to the nearest whole number.) Final Total Net Realizable Sales Separable Product Value Costs Value Percentage % Ketchup Juice % Canned % i -X More Info Product Cases Ketchup 105,000 Sales Value at Splitoff Point Separable Costs $10 per case $6 per case $7 per case $6 per case $4 per case $2 per case Selling Price $26 per case $34 per case $20 per case Juice 177,000 206,000 Canned wer
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