LM Enterprises produces two products in a common production process, each of which is processed further after the split-off point. Joint costs incurred for the current month are $36,000. The following information for the current month was also gathered:
| Product | Units produced | Units sold | Separable costs | Selling price per unit |
| L | 10,000 | 9,500 | $20,000 | $ 8 |
| M | 5,000 | 4,000 | 40,000 | 20 |
