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jULY COMPANY OBTAINED 500 TONS OF ORE WHICH YEILDED 250 POUNDS OF GOLD AND 63700 POUNDS OF COPPER. tHE JOINT COST RELATED TO THE OPERATION

jULY COMPANY OBTAINED 500 TONS OF ORE WHICH YEILDED 250 POUNDS OF GOLD AND 63700 POUNDS OF COPPER. tHE JOINT COST RELATED TO THE OPERATION WAS $500,000. GOLD SELLS FOR $325 PER OUNCE AND COPPER SELLS FOR .85 PER POUND. ALLOCATE THE JOINT COSTS USING THE RELATIVE SALES VALUE. WITH THESE COSTS WHAT IS THE PROFIT LOSS ASSOCIATED WITH COPPER?

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