39) The sales value at splitoff method allocates joint costs to joint products produced during the accounting period on the basis of the relative total sales value at the splitoff point. 55) 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: Required: Determine the amount of joint cost allocated to each product if the physical-measure method is used. 27) Define the terms main product, joint product, and byproduct. Give at least one example of each type f product. Answer: Main product - When one product has a high total sales value compared with the total sales ralue of other products of the process. Ex. timber processed into lumber loint product - When a joint production process yields two or more products with high total sales value compared with the total sales value of other products. Ex. crude oil processed into gasoline and kerosene Byproduct - Products of a joint production process that have low total sales value compared with the otal sales value of the main product or joint products. Ex. woodchips created when timber processed nto lumber