Tal-Tal Company manufactures three main products, F, G, and W, from a joint process. Joint costs are allocated on the basis of relative sales value at split-off. Additional information for June production activity follows:

F G W Total

Units Produced 50,000 40,000 10,000 100,000

Joint Costs ? ? ? P450,000

Sales Value at Split-off P420,000 P270,000 P60,000 P750,000

Additional Costs if processed further P88,000 P30,000 P12,000 P130,000

Sales value if processed further P538,000 P320,000 P78,000 P936,000

Assuming that the 10,000 units of W were processed further and sold for P78,000, what was Tal-Tal's gross profit on this sale?