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Home Q & A Board Other Fields Homework Help Business Accounting
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jerico jerico
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9 years ago
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
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

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.
Textbook 
Cost Accounting

Cost Accounting


Edition: 14th
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cyborgcyborg
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9 years ago
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jerico Author
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#2
9 years ago
Thank you for the help. I took this course as an elective, glad it's over in three weeks. Great textbook though!
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#3
9 years ago
Grinning Face
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