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The Moody Company produced three joint products at a joint cost of $113,000. Two of these products were processed further. Production and sales were: Weight

The Moody Company produced three joint products at a joint cost of $113,000. Two of these products were processed further. Production and sales were:

Weight Sales Addt'l. Processing Costs
P 313,000 lbs. $ 258,000 $ 213,000
Q 106,500 lbs. 33,250 0
R 106,500 lbs. 194,500 113,000

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

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