Ibsen Company makes two products from a common input. Joint processing costs up to the split$-$off point total $$49,000$ a year. The company allocates these costs to the joint products on the basis of their total sales values at the split$-$off point. Each product may be sold at the split$-$off point or processed further. Data concerning these products appear below:

$\backslash$table$[[$Allocated joint processing costs,Product $x,,],[$Sales value at split$-$off point,$$19,600,$Product $Y,$Total$],[$Costs of further processing,$$20,000,$$$29,400,$S $$49,000$