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:

Required:
Determine the amount of joint cost allocated to each product if the physical-measure method is used.

Question

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:
  
Required:
Determine the amount of joint cost allocated to each product if the physical-measure method is used.

Quizplus · Accepted Answer

The Answer of 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:
  
Required:
Determine the amount of joint cost allocated to each product if the physical-measure method is used.