A company produces two joint products, P and V. In a year, further processing costs beyond split-off point spent were ?8,000 and ?12,000 for 800 units of P and 400 units of V respectively. P sells at ?25 and V sells at ?50 per unit. A sum of ?9,000 of joint cost were allocated to product P based on the net realization method. What were the total joint cost in the year?

Syllabus (with weightage)
A. Cost Management 20%
B. Strategic Cost Management Tools and Techniques 50%
C. Strategic Cost Management - Application of Statistical Techniques in Business Decisions 30%

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