a company operates a process which produces three joint products k p and z 610048

A Company operates a process which produces three joint products- K, P and Z. The costs of operating this process during September amounted to £117 000. During the month the output of the three products was:

P is further processed at a cost of £9.00 per litre. The actual loss of the second process was 10% of the input which was normal. Products K and Z are sold without further processing.

The final selling prices of each of the products are:

Joint costs are attributed to products on the basis of output volume.

The profit attributed to product P was:

A £6750

B £12 150

C £13 500

D £16 200

E £18 000