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 Allocated Turpentine Paint thinner Spot remover Totals $100,000 Determine the amount of joint cost allocated to each product if the Sales Value at Splitoff Point method is used pound up) A. Turpentine 517,000: Paint thinner 533,000; Spot remover $50,000 B. None of them C. Turpentine S20,000; Paint thinner $25,000; Spot remover $55,000
