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need help please Cambridge Company manufactures three main products, L, M, and N, from a joint process. Additional information for June production activity follows: L

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Cambridge Company manufactures three main products, L, M, and N, from a joint process. Additional information for June production activity follows: L 84,000 N 16,000 Units produced Joint costs Sales value at split-off Additional costs 'if process further Sale value if processed further $440,000 $ 108,000 $558,000 M 60,000 ? $ 290,000 $ 50,000 $ 340,000 Total 160,000 $ 470,000 $ 810,000 $ 190,000 $ 996,000 $80,000 $32,000 $ 98,000 Assuming that the 16,000 units of N were processed further and sold for $98,000, what was Cambridge's gross profit from this sale? Assume the physical quantities method of allocation is used. Multiple Choice

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