35 Two products G and H are created from a joint process. G can be sold immediately after split-off. H requires further processing into product HH before it is in a saleable condition. There are no opening inventories and no work in progress of products G, H or HH. The following data are available for last period:

Total joint production costs 350,000 Further processing costs of product H 66,000

Product Production units Closing inventory

G 420,000 20,000

HH 330,000 30,000

Using the physical unit method for apportioning joint production costs, what was the cost value of the closing inventory of product HH for last period?