Problem 2 - 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 Value at Splitoff Point Turpentine 15,000 liters $120,000 Paint thinner 15,000 liters 100,000 Spot remover 7,500 liters 50,000 Question: Determine the amount of joint cost allocated to each product if the physical-measure method is used