10 Nov Zenon Chemical, Inc. processes pine rosin into thr
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:ProductUnits ProducedSales Value at Splitoff PointTurpentine6,000 liters$60,000Paint thinner6,000 liters50,000Spot remover3,000 liters25,000Determine the amount of joint cost allocated to each product if the physical-measure method is used.
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