Problem 2 – 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:

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.

Looking for a Similar Assignment? Order now and Get 10% Discount! Use Coupon Code "Newclient"