Red Sauce Canning Company Processes Tomatoes into Catsup,tomato Juice,and Canned

Essay

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:
$$\begin{array} { | l | r | r | r | r | } \hline { \text { Product } } & { \text { Cases } } & \begin{array} { r } \text { Sales Value at } \\\text { Splitoff Point }\end{array} & \text { Separable Costs } & \text { Selling Price } \\\hline \text { Catsup } & 100,000 & \$ 6 \text { per case } & \$ 3.00 \text { per case } & \$ 28 \text { per case } \\\hline \text { Tuice } & 150,000 & 8 \text { per case } & 5.00 \text { per case } & 25 \text { per case } \\\hline \text { Canned } & 200,000 & 5 \text { per case } & 2.50 \text { per case } & 10 \text { per case } \\\hline\end{array}$$ Required:
Determine the amount allocated to each product if the estimated net realizable value method is used,and compute the cost per case for each product.