Question 6 Randolph manufactures two joint products, J and K, in a common process. A by-product X is also produced. Data for the month of December 2012 were as follows. Opening inventory Costs of processing Nil Direct material Direct labour $25,500 $10,000 Production OH are absorbed at the rate of 300% of direct labor costs. Production unit 8,000 8,000 1,000 Sales unit 7,000 6,000 1,000 Output and sales consisted of: Product J Product K By-product X The sales value per unit of J.K and X is S4, S6 and S0.50 respectively. The saleable value o the by-product is deducted from process costs before apportioning costs to each joint product. Costs of the common processing are apportioned between product J and product K on the basis of sales value of production. Calculate individual profit for December 2012 for product J & K