Question
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
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:
ProductUnits ProducedSales price at splitoff point
Turpentine5,000 liters$10
Paint thinner5,000 liters$20
Spot remover10,000 liters$15
ProductSales Value at splitoffPercentageJoint costs.Allocated
Turpentine?
Paint thinner?
Spot removers?
Totals100,000
Determine the amount Sales Value at split-off to each product if the sales value at split-off point method is used?
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