(c) Mili Ltd., a manufacturing company, produces two main products and a by-product out of a joint process. The ratio of output quantities to input quantities of direct material used in the joint process remains consistent on yearly basis. Company has employed the physical volume method to allocate joint production costs to the main products. The net realizable value of the by-product is used to reduce the joint production costs before the joint costs are allocated to the main products. During a month, company incurred joint production costs of 15,00,000. The main products are not marketable at the split off point and thus have to be processed further. Details of company's operation are given in the table below. Particulars Monthly output in kg. Selling price per kg. Process costs Product-Q Product-R By product 90,000 1,80,000 75,000 50 30 75 3,00,000 4,50,000 FIND OUT the amount of joint product cost that Mili Ltd. would allocate to product-R by using the physical volume method to allocate joint production costs?