17 Question on (3 Points) Bismite Corporation purchases trees from Cheney lumber and processes them up to the splitoff point where two products (paper atid pencil casings) are obtained. 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: 250 trees Production: paper 270,000 sheets pencil casings 270,000 Sales: paper 261,000 at S0.14 per page pencil casings 267,000 at $0.21 per casing The cost of purchasing 250 trees and processing them up to the splitoff point to yield 270,000 sheets of paper and 270,000 pencil casings is $18,750. Bismite's accounting department reported no beginning inventory Q. What is the cost of goods sold (COGS) Gjoint costs) for pencil casing? (put the final answer only) you