Question: A joint production process that cost $240,000 generated two main products. P1 has 15,000 units and can be sold at split-off point for $300,000. P2

A joint production process that cost $240,000 generated two main products. P1 has 15,000 units and can be sold at split-off point for $300,000. P2 has 25,000 units and can be sold at split-off point for $200,000. A by-product can be sold for $30,000. Using the physical quantities method, how much of the joint costs would be allocated to P1?

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