Anchorage Company Manufactures Three Main Products,L,M and N,from a Joint

Multiple Choice

Anchorage Company manufactures three main products,L,M and N,from a joint process.Additional information for June production activity follows: Assuming that the 10,000 units of N were processed further and sold for $78,000 what was Anchorage's gross profit from this sale? Assume the physical quantities method of allocation is used.

A) $21,000
B) $28,500
C) $30,000
D) $66,000