Question: Problem 5(5 points) Red Sauce Canning Company processes tomatoes into catsup, tomato juice, and canned tomatoes. During the summer of 20x5, the joint costs of

 Problem 5(5 points) Red Sauce Canning Company processes tomatoes into catsup,

Problem 5(5 points) 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 Separable Costs Selling Price Splitoff Point $5.00 per cae 56 per case 8 per ca $28 per case 25 per case 150,000 200 uice 50 10 per case Required each product if the constant gross margin method is used, and compute the cost per case for each Determine the amount allocated to product. Note that some values have changed from previous problems

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