Individual Chemo (IC) processes salt into various industrial products. In July 2017, IC incurred joint costs of $100,000 to purchase salt and convert it into two products caustic soda and chlorine. Although there is an active outside market for chlorine, IC processes all 800 tons of chlorine it produces into 500 tons of PVC (polyvinyl chloride), which is then sold. There were no beginning or ending inventories of salt, caustic soda, chlorine, or PVC in July. Information for July 2017 production and sales follows: Home Insert Page Layout Formulas Data Review View Joint Costs PVC Joint costs (costs of salt and processing to 2 splitoff point) $100,000 Separable cost of processing 800 tons of 3 chlorine into 500 tons of PVC $20,000 Caustic Soda Chlorine PVC 6 Beginning inven 7 Production (tons) 8 Transfer for further processing (tons) 9 Sales (tons) 1,200 800 500 1,200 Selling price per ton in active outside market $ 75 11 (for products not actually sold) 12 Selling price per ton for products sold 50 $ 200