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5 00:46:10 Allocated joint costs Product 1 $16 $6,000 Product 2 $12 Corporation manufactures three products from a joint process. The three products are

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5 00:46:10 Allocated joint costs Product 1 $16 $6,000 Product 2 $12 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: Sales Price at split-off point Product 3 $5 $6,000 $6,000 Sales Price after further processing $20 $18 $14 Cost of further processing $6,940 $3,320 Product Quantity 1,000 lb. 1,000 lb $2,050 1,000 lb. Q) What would be the additional amount of profit that orp would gain from further processing the product(s) that is/are more profitable to process further rather than be sold at the spin-off point? A) $

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