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Zenon Chemical, Inc. processes pine rosin into three products: turpentine, paint thinner, and spot remover. During May, the joint costs of processing were $240,000. Production
Zenon Chemical, Inc. processes pine rosin into three products: turpentine, paint thinner, and spot remover. During May, the joint costs of processing were $240,000. Production and sales value information for the month is as follows: Product--------Units Produced------Sales Value at Splitoff Point Turpentine--------6,000 liters----------------$60,000 Paint thinner------6,000 liters-----------------50,000 Spot remover------3,000 liters----------------25,000 Question: Determine the amount of joint cost allocated to each product if the physical-measure method is used
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