katelynnstern1941 katelynnstern1941

27-12-2022
Mathematics

Answered

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: Product Units Produced Sales Valueat Splito ff PointTurpentine 6,000 liters $60,000Paint thinner 6,000 liters $50,000Spot remover 3,000 liters $25,000Required:Determine the amount of joint cost allocated to each product if the physical-measure method is used.

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