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 split off 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 split off 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 split off method is used.