Company makes two products from a joint production process

Reference no: EM13597341

Company makes two products from a joint production process. Each product may be sold at the split-off point or processed further. Information concerning these products for last year appears below:
Product X Product Y

Allocated joint costs .................... $25,000 $18,000
Sales value after further processing ..... $47,000 $41,000
Sales value at the split-off point ....... $28,000 $23,000
Additional processing costs .............. $16,000 $19,000

Assume Bowen Company makes all the correct sell or process further decisions.
Calculate the net income reported by Bowen Company last year. Do not use decimals in your answ

Reference no: EM13597341

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