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CSI Chemical,Inc

Question 105

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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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