The Delicious Canning Company processes tomatoes into ketchup,tomato juice,and canned tomatoes.During the summer,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 were as follows:
Required:
a.Determine the amount allocated to each product if the estimated net realizable value method is used.b.Determine the amount allocated to each product if the physical units method is used.
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