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. In a process line of XY Co., three joint products are produced. For the month of May, the following data were available. Products L
. In a process line of XY Co., three joint products are produced. For the month of May, the following data were available. Products L M N $ $ $ Sales Prices per kg 5 10 20 Post-separation point costs 10,000 5,000 15,000 Output in kgs 2,500 1,000 1,500 Pre-separation point costs amounted to $20,000. The joint products are manufactured in one common process, after which they are separated and may undergo further individual processing, the pre-separation point costs are apportioned to joint products according to weight. You are required to prepare a statement showing the estimated profit or loss for each product and in total
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