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The ABC Company produced three joint products at a joint cost of $114,000. Two of these products were processed further. Production and sales were: Product

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The ABC Company produced three joint products at a joint cost of $114,000. Two of these products were processed further. Production and sales were: Product P e R Weight Sales 307,000 lbs. $257,250 107,000 lbs. 37,000 107,000 lbs. 190,750 Additional Processing Costs $207,000 -0- 107,000 What is the net income of ABC Company if the estimated net realizable value method of joint cost allocation is used

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