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

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

ProductWeightSalesAdditional Processing CostsP307,000lbs.$257,250$207,000Q107,000lbs.37,000-0-R107,000lbs.190,750107,000

What is the net income of Mallak Company if the estimated net realizable value method of joint cost allocation is used?

Multiple Choice

$57,000.
$171,000.
$20,000.
$371,000.

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