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3 Points Castel Faber Inc. purchases lumber and uses it to manufacture paper and pencils. The following information was collected for 2020 : Lumber processed

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3 Points Castel Faber Inc. purchases lumber and uses it to manufacture paper and pencils. The following information was collected for 2020 : Lumber processed 290 tons Production Paper 180,000 sheets Pencil 180,000 units Sales Paper 168,000 sheets, each for $0.20 Pencil 178,000 units, each for $0.25 The company had no beginning inventory in 2020. The cost of purchasing 290 tons of lumber and processing it up to the split-off point is $12,000 and Castel Faber uses sales value at split-off method. What is the total sales value at the split-off point for paper? Q5.2 1 Point What are the paper's and the pencit's approximate weighted cost proportions? What are the approximate joint costs assigned to ending inventory for paper

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