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Chemical X, Inc. processes pine rosin into three products; turpentine, paint thinner, and spot remover. During June the joint costs of processing were $280,000. Production

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Chemical X, Inc. processes pine rosin into three products; turpentine, paint thinner, and spot remover. During June the joint costs of processing were $280,000. Production and sales value information for the month were as follows: Product Turpentine Paint thinner Spot remover Units Produced Sales Value at Splitoff Point 3,000 litres $30,000 3,000 litres 25,000 1,500 litres 12,500 Required a. Determine the amount of joint cost allocated to each product if the physical measure method is used

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