0.5 (a): What are joint products? What accounting issue results from the production process that creates joint products? 0.5 (b): Mumtaz Company produces three separate products from a common process costing Rs. 100,000. Each of the products can be sold at the split-off point or can be processed further and then sold for a higher price. Shown below are cost and selling price data for a recent period, Sales Value at Cost to Sales Value after Split-off Point Process Further Further Processing Product 10 Rs. 60,000 Rs. 100,000 RS. 190,000 Product 12 15,000 30,000 35,000 Product 14 55,000 150,000 215,000 Required: i. Determine total net income if all products are sold at the split-off point ii. Determine total net income if all products are sold after further processing