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:
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.
Correct Answer:
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