JOSS Ltd manufactures two products by passing materials through two consecutive processes. Results for June were as follows.

Process 1 Input materials at 1.5 per kilo: 9,000 Conversion costs: 5,850 Output to process 2: 5,500 kilos Defective production (scrapped on completion): 500 kilos

Process 2 Conversion costs: 14,675 Output: Joint product X: 2,500 kilos, sales price 16 per kilo Joint product Y: 2,500 kilos, sales price 8 per kilo By product Z: 500 kilos, sales price 2 per kilo

There were no opening or closing stocks in either process. Normal loss is 10% in process 1 and nil in process 2. Joint product costs are apportioned on a sales value basis. By-product income is credited to the process account. All output of Z was sold in June.

Taking profits as a difference between sales and full production costs, what was the profit per kilo of joint product X in June, to two decimal places?

A. 8.05

B. 8.32

C. 8.39

D. 8.72