13. Bismite Corporation purchases trees from Cheney lumber and processes them up to the split-off point where two products (paper and pencil casings) emerge from the process. The products are then sold to an independent company that markets and distributes them to retail outlets. The following information was collected for the month of October Trees processed: 270 trees Production: paper 180,000 sheets pencil casings 180,000 Sales: paper 166,000 at $0.20 per page pencil casings 176,000 at $0.23 per casing The cost of purchasing 270 trees and processing them up to the split-off point to yield 180,000 sheets of paper and 180,000 pencil casings is $15,000. The cost of purchasing 270 trees and processing them up to the split-off point to yield 180,000 sheets of paper and 180,000 pencil casings is $15,000. Bismite's accounting department reported no beginning inventory. What are the paper's and the pencil's approximate weighted cost proportions using the sales value at split-off method, respectively? (2 Points) 50.00% and 50.00% 0 48.54% and 51.46% 46.51% and 53.49% 45.06% and 54.94%