10 ECJCSP543 Corporation manufactures three products from a joint process. The three products are in industrial grade form at the split- off point. They can either be sold at that point or processed further into premium grade. Costs related to each batch of this process is as follows: Product 1 Product 2 Product 3 Sales Price at split-off point & Allocated joint costs $16 $6,000 $12 02:08:24 Sales Price after further processing $20 Cost of further processing $5,160 $6,000 $18 $3,010 $5 $6,000 $14 $1,380 Product Quantity 1,000 lb. 1,000 lb. (ID#67108) 1,000 lb. (Baruch College Exam - No assistance allowed.) Q: What would be the additional amount of profit that ECJCSP543 Corp. would gain from further processing the product(s) that is/are more profitable to process further rather than be sold at the split-off point? A: $