zenon chemical inc processes pine rosin into three products turpentine paint thinner 492435

Zenon Chemical, Inc. processes pine rosin into three products: turpentine, paint thinner, and spot remover. During May, the joint costs of processing were $240,000. Production and sales value information for the month is as follows:

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Product

Units Produced

Sales Value at Splitoff Point

Turpentine

6,000 liters

60,000

Paint thinner

6,000 liters

50,000

Spot remover

3,000 liters

25,000

Question: Determine the amount of joint cost allocated to each product if the physical-measure method is used.

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