Red sauce canning company processes tomatoes in catsup

Assignment Help Accounting Basics

Reference no: EM13453512

Red Sauce Canning Company processes tomatoes into catsup, tomato juice, and canned tomatoes. During the summer of 20X2, 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

Question: 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.

Reference no: EM13453512

Questions Cloud

Your response should be at least 250 words in length you : 1.you are the safety manager for a 50000 square foot warehouse operation where paints and painting supplies are

Evaluate the various elements of thought and relate these : evaluate the various elements of thought and relate these elements of thought to a personal experience in which you had

Write a paper describing the cultural differences you have : media play a very large role in both the development and the perpetuation of cultural elements. you may never have

A worker was electrocuted when he drilled through a wall : a worker was electrocuted when he drilled through a wall and the drill bit contacted an electrical wire inside the

Red sauce canning company processes tomatoes in catsup : red sauce canning company processes tomatoes into catsup tomato juice and canned tomatoes.nbsp during the summer of

Explain the potential for increased revenue front-end and : you have been part of the orthopedic center for 5 years. in that time you have seen the center grow and the need for

How would you critically evaluate a human services research : please provide at least 250 words and in your own words.how would you critically evaluate a human services research

What are the different layers or horizons that compose the : enviromental science questions1. name and describe the properties of the three main components of soil texture.2. what

What is probability of observing 61325 when rolling fair : q1. what is probability of observing 61325 when rolling fair dice?probabilities for fair dice p1p2p3p4p5p616q2. what is

User Account

All Pages