In a company’s production process, two joint products, A and B, are created simultaneously. The company operates in the manufacturing sector,…

In a company’s production process, two joint products, A and B, are created simultaneously. The company operates in the manufacturing sector, focusing on producing goods that require multiple stages of production, often resulting in the creation of joint products that share common production costs up until a certain split-off point. For the last month, the following information is provided relating to the inventory and sales: Product Sales (units) Finished Goods (units) Opening stock Closing stock A 1,14,000 1,900 5,700 B 76,000 7,600 3,800 Joint production costs for the last month amounted to 20,90,000. These costs were allocated between both the joint products, A and B, based on the number of units produced. This method of apportioning costs ensures that each product is fairly charged for its share of the overall production expenses. CALCULATE the joint production costs apportioned to product A for last month?