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2, production, Inc., processes pine rosin into three products: turpentine, paint thinner, and spot remover. During June, the joint costs of processing were $100,000.
2, production, Inc., processes pine rosin into three products: turpentine, paint thinner, and spot remover. During June, the joint costs of processing were $100,000. Production and sales value information for the month is as follows: Product Turpentine Paint thinner Spot remover Units Produced 5,000 liters 5,000 liters 10,000 liters Sales Price at Splitoff Point $10 $20 $15 Turpentine Paint thinner Spot remover Totals Product Sales Value at Splitoff Joint Costs $100,000 7 ? ? Determine the amount Sales Value at Split-off to each product if the Sales Value at Splitoff Point method is used A Turpentine $25,000; Paint thinner $25,000; Spot remover $50,000 Turpentine $50,000; Paint thinner $120,000, Spot remover $130,000 C. None of these D. Turpentine $50,000; Paint thinner $100,000, Spot remover $150,000
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