(10 marks) Question 2 A business uses process costing to establish stock valuations and proftability of its products. Outputomhs consists of three separate products: two joint products and a by-product. Detalis of the process is as follows Input costs: 45,625 for 12,500 kg 29,500 26,875 Labour Overheads The process is expected to lose 20% of the input. This is sold for scrap for 4 per unit The following details relate to the output from the process Product lO Further costs Final sales value per unit 220 E25 E2 Type % of output to complete 50% 40% Joint Joint By-product Joint costs areallocated on the basis of net rali Required: (a) Establish the total cost of the output from the process. (b) Calculate the profit per unit for each of the joint products, A and B. 4 mark (6 ma (10 m al gales value