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Letena Company mills Timber and obtains two joint products, Lumber and Wood Scrap. They can process the Lumber further into two-by-fours and the Wood Scrap

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Letena Company mills Timber and obtains two joint products, Lumber and Wood Scrap. They can process the Lumber further into two-by-fours and the Wood Scrap into charcoal, or they can sell each product at the split-off point before further processing. Data concerning the processing costs and the sales values are below: Lumber Wood Scrap Allocated joint processing costs $32,800 $20,700 Sales value at split-off point $38,376 $24,219 Costs of further processing $40,800 $18,800 Sales Value after further processing $79,451 $43,264 What is the net gain in dollars from further processing Wood Scrap into charcoal after the split-off point? Enter a net loss as a negative. Do not include a $

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