Compute the amount of joint cost allocated to each product

Reference no: EM13454222

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.

Reference no: EM13454222

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