In a manufacturing enterprise, two joint products, X and Y, emerge simultaneously from a common production process. The company incurs joint costs…

In a manufacturing enterprise, two joint products, X and Y, emerge simultaneously from a common production process. The company incurs joint costs up to the split-off point, after which the products become separately identifiable. For the previous month, the following details relating to production and inventory are available: Product Sales (units) Finished Goods - Opening Stock (units) Finished Goods - Closing Stock (units) X 96,000 2,400 6,000 Y 64,000 4,800 2,400 The total joint production cost incurred during the month amounted to 18,60,000. These joint costs are apportioned between products X and Y in proportion to the number of units produced. Required: Determine the amount of joint production cost to be allocated to Product X for the month.