Q.7 Saad Company produces three products jointly. During May, joint Cost totaled Rs. 200,000 The following individual product information is available: Product C Product L Product T Production 15,000 10,000 20,000 Sales Units 13,000 9,000 10,000 Unit Sale price Rs 20,000 Rs 15,000 Rs 9.50 Saparable processing Cost Rs 75,000 Rs 25,000 Rs 40,000 Required: 1) Compute the May gross profit for each product and in total, using the market value allocation method. 2) A customer has offered to buy all of product T out put at the spilt-off point for Rs. 7 per unit. Advise the company's management.