4) Canada Wire Products processes copper into wire. It makes 16-gauge and 14-gauge wire. During April the joint costs of processing the aluminium were $365,000. There is no beginning or ending inventories for the month. Production and sales value information for the month were as follows:

Product Metres Separable Costs Selling Price

14-gauge 200,000 $0.20 per metre $0.90 per metre

16-gauge 600,000 0.30 per metre 1.00 per metre

Allocate the joint (common) costs to both product groups and prepare a product line operating income statement using the net realizable method.