JP manufactures two joint products X and Y, and a by-product Z, in a single continuous process. The following information is available for period 3: Raw materials input 20,000 litres Raw material costs $52,000 Conversion costs $56,000 Outputs 10,000 litres of X, selling price $8 per litre 8,000 litres of Y, selling price $6 per litre 2,000 litres of Z, selling price $1 per litre Process costs are apportioned on a sales value basis. There was no opening and closing inventory of raw materials. The revenue from the by-product is used to reduce the process costs. What was the cost per litre of joint product X? O $5.889 O $6.523 O $6.625 $6.646 JP manufactures two joint products X and Y, and a by-product Z, in a single continuous process. The following information is available for period 3: Raw materials input 20,000 litres Raw material costs $52,000 Conversion costs $56,000 Outputs 10,000 litres of X, selling price $8 per litre 8,000 litres of Y, selling price $6 per litre 2,000 litres of Z, selling price $1 per litre Process costs are apportioned on a sales value basis. There was no opening and closing inventory of raw materials. The revenue from the by-product is used to reduce the process costs. What was the cost per litre of joint product X? O $5.889 O $6.523 O $6.625 $6.646 JP manufactures two joint products X and Y, and a by-product Z, in a single continuous process. The following information is available for period 3: Raw materials input 20,000 litres Raw material costs $52,000 Conversion costs $56,000 Outputs 10,000 litres of X, selling price $8 per litre 8,000 litres of Y, selling price $6 per litre 2,000 litres of Z, selling price $1 per litre Process costs are apportioned on a sales value basis. There was no opening and closing inventory of raw materials. The revenue from the by-product is used to reduce the process costs. What was the cost per litre of joint product X? O $5.889 O $6.523 O $6.625 $6.646