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Z, 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

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Z, 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 Units Produced Sales Price at Splitoff Point Turpentine 5,000 liters $10 Paint thinner 5,000 liters $20 Spot remover 10,000 liters $15 Product Sales Value at Splitoff Percentage Joint Costs $100,000 Allocated Turpentine ? Paint thinner Spot remover $100,000 Totals Determine the amount of joint cost allocated to each product if the Sales Value at Splitoff Point method is used (round up) A. Turpentine $16,666; Paint thinner $33,334; Spot remover $50,000 B. None of them C. Turpentine $25,000; Paint thinner $25,000; Spot remover $50,000 D. Turpentine $15,000; Paint thinner $30,000; Spot remover $55,000

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