A company manufactures 3 products: X, Y, and Z using a joint process. Information related to each of the products is shown in the table below:

Product Selling Price Output

X $33/pound 14,000 pounds

Y $29/pound 8,000 pounds

Z $24/pound 19,000 pounds

If processed beyond the split-off point, each can be sold for a higher price but the company will incur additional processing costs.

Data related to that is shown below:

Product Selling Price Additional Processing Costs

X $37/pound $65,000

Y $34/pound $69,000

Z $30/pound $70,000

Should the company process Product Y further (Yes or No)? What is the financial advantage (disadvantage) of processing Product Y further?