Calculate the amount of joint cost


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

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Cost Accounting: Calculate the amount of joint cost
Reference No:- TGS021839

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