A Company produces product KL from a process that also yields a by$-$product, $M.$ The by$-$product requires $$4,000$ additional processing cost. The company decided to account for the by$-$product at time of production. Information concerning a batch produced in December $2023$ follows:

$\backslash$table$[[$Product$,\backslash$table$[[$Units$],[$Produced$]],\backslash$table$[[$Sales Value$],[$at split$-$off$],[$Point$]],$Units Sold$],[$KL$,50,000$ units,$$10$ per unit,$\backslash$table$[[40,000],[$units$]]],[$M$,20,000$ units,$$1$ per unit,$\backslash$table$[[10,000],[$units$]]]]$

What is the profit That the company will report for December $2023$ if costs incurred up to the split off point are $$300,000?$

Choose...

$$160,000$

$$170,000$

$ $168,000$

$ $176,000$