Bowen Company makes two products from a joint production process. Each productmay be sold at the spl 1 answer below »

Bowen Company makes two products from a joint production process. Each productmay be sold at the split-off point or processed further. Information concerningthese products for last year appears below:
Product X Product Y
Allocated joint costs ……………….. $25,000 $19,000
Sales value after further processing ….. $47,000 $41,000
Sales value at the split-off point ……. $29,000 $24,000
Additional processing costs ………….. $16,000 $19,000
Assume Bowen Company makes all the correct sell or process further decisions.
Calculate the net incomereported by Bowen Company last year. Do not use decimalsin your answer.