CSI 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 were as follows:
Required:
Determine the amount of joint cost allocated to each product if the sales value at splitoff method is used.

Question

CSI 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 were as follows:
  Required:
Determine the amount of joint cost allocated to each product if the sales value at splitoff method is used.

Quizplus · Accepted Answer

The Answer of CSI 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 were as follows:
  Required:
Determine the amount of joint cost allocated to each product if the sales value at splitoff method is used.