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Short Problem 2: Red Sauce Canning Company processes tomatoes into catsup, tomato juice, and canned tomatoes. During the summer of 2018, the joint costs of processing the tomatoes were $420,000. There was no beginning inventory for the summer. Production and sales value information for the summer is as follows: Sales Final Selling Price Product Production Sales Value at (# of cases) Separable Costs (after further (# of cases) Splitoff Point process) Catsup 100,000 80,000 $6 per case $3.00 per case $23 per case Juice 150,000 120,000 8 per case 5.00 per case 25 Canned 200,000 150,000 5 per case 2.50 per case 7.5 per case per case Required: a. Determine the amount allocated to each product if the estimated net realizable value (NRV at splitoff point) method is used. (Note: use fractions not percentages for weights calculation.) b. Compute the product cost per case for each product