Joint product costing A plastics manufacturer produces three grades of bulk plastic in a joint production process. Total joint costs are $66,000. Each of the products requires some process- ing beyond the split-off point. Below are production data for the first week in October.

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Net Realizable Costs Value at Pounds Selling after Split-Off Product Produced Price Split-Off (per pound) PL-X 21,000 $1.60 $8,400 $ .70 PL-Y 18,000 2.00 3,600 1.00 PL-Z 11,000 3.00 6,600 1.50