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

Question 113

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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 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  Tuice 150,0008 per case 5.00 per case 25 per case  Canned 200,0005 per case 2.50 per case 10 per case \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.

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