Use the following information for the next 6 questions.
J-M Company uses a joint process costing $15,000 to produce three main products. The company had no beginning inventory. Its current period operation data follow: 
-If J-M uses the net realizable value method and performs further processing after the split-off point, what is the carrying value of the ending inventory for product S?
Definitions:
Per-unit Tax
A tax that is levied on each unit of a product or service sold.
Buyers
Persons or organizations that buy products or services.
Sellers
Entities or individuals who make goods or services available for purchase by consumers or businesses.
Price Elastic
A measure of how much the quantity demanded of a good responds to a change in its price; high elasticity indicates a significant change in quantity with price changes.
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