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
Required:
Determine the amount of joint cost allocated to each product if the physical-measure method is used.
A. Turpentine 517,000: Paint thinner 533,000; Spot remover $50,000.
B. Turpentine S20,000; Paint thinner $25,000; Spot remover $55,000.
C. None of them.
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