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CSI Chemical, Inc

Question 131

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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:
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 splitoff method is used. Required:
Determine the amount of joint cost allocated to each product if the sales value at splitoff method is used.

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