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 NII Direct material Direct labour $25.500 $10,000 Production OH are absorbed at the rate of 300% of direct labour 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 $4, So and $O.50 respectively. The saleable value of 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