Red sauce canning company processes tomatoes in catsup

Reference no: EM13453512

Red Sauce Canning Company processes tomatoes into catsup, tomato juice, and canned tomatoes. During the summer of 20X2, 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:

Product	Cases	Sales Value at Splitoff Point	Separable Costs	Selling Price
Catsup	100,000	$6 per case	$3.00 per case	$28 per case
Juice	150,000	8 per case	5.00 per case	25 per case
Canned	200,000	5 per case	2.50 per case	10 per case

Question: 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.

Reference no: EM13453512

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Red sauce canning company processes tomatoes in catsup

Reference no: EM13453512

Reference no: EM13453512

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