Question: Jack s Lumber produces lumber from pine forests. Processing one batch creates two joint products Grade A lumber and Grade B lumber at a cost

Jacks Lumber produces lumber from pine forests. Processing one batch creates two joint productsGrade A lumber and Grade B lumberat a cost of $275,000. During production, 200,000 board feet of Grade A lumber are produced and can be sold at a price of $2.00 per board foot. In addition, one batch produces 300,000 board feet of Grade B lumber, which can be sold at $1.25 per board foot. Jacks Lumber accounts for joint costs using the sales value at split-off method. What is the total profit per batch for Grade A lumber? Note: Do not round intermediate calculations. Round final answer to today's

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