2 Data pertaining to a company's joint production for the current period follows: Quantities produced Market value at split-off point 11.00 /lb. $22.00 /lb. 380 lbs. 310 lbs. 1.53 points 9050Compute the cost to be allocated to Product L for this period's $840 of joint costs if the value basis is used. (Do not round 00:50:10 intermediate calculations.)