Landmark coal operates a mine. During July, the company obtained 500 tons of ore, which yielded 250 pounds of gold and 63,100 pounds of copper The joint cost related to the operation was $500,000. Gold sells for $325 per ounce and copper sells for $0.89 per pound. Allocate the joint costs using relative weight. With these costs, what is the profit or loss associated with Copper

Tons of Ore 500

Pounds of Gold 250

pounds of copper 63,100

Joint cost 500,000

Gold sells per oz 325

Copper sells per lb 0.89