Let's begin by determining the formula to compute the joint costs allocated for product C by entering the appropriate amounts. Figure Now compute the net realizable value, weighting and joint costs allocated for products A and B by entering the appropriate amounts. More info - Product A is processed further in the salting department at a cost of $25,000. It yields 10,000 pounds of salted peanuts, which are sold for $10 per pound. - Product B (raw peanuts) is sold without further processing at $5 per pound. - Product C is considered a byproduct and is processed further in the paste department at a cost of $15,000. It yields 15,000 pounds of peanut butter, which are sold for $10 per pound. Requirements 1. Compute unit costs per pound for products A,B, and C, treating C as a byproduct. Use the NRV method for allocating joint costs. Deduct the NRV of the byproduct produced from the joint cost of products A and B. 2. Compute unit costs per pound for products A,B, and C, treating all three as joint products and allocating joint costs by the NRV method. Let's begin by determining the formula to compute the joint costs allocated for product C by entering the appropriate amounts. Figure Now compute the net realizable value, weighting and joint costs allocated for products A and B by entering the appropriate amounts. More info - Product A is processed further in the salting department at a cost of $25,000. It yields 10,000 pounds of salted peanuts, which are sold for $10 per pound. - Product B (raw peanuts) is sold without further processing at $5 per pound. - Product C is considered a byproduct and is processed further in the paste department at a cost of $15,000. It yields 15,000 pounds of peanut butter, which are sold for $10 per pound. Requirements 1. Compute unit costs per pound for products A,B, and C, treating C as a byproduct. Use the NRV method for allocating joint costs. Deduct the NRV of the byproduct produced from the joint cost of products A and B. 2. Compute unit costs per pound for products A,B, and C, treating all three as joint products and allocating joint costs by the NRV method