54. Yakima Manufacturing purchases trees from Cascade Lumber and processes them up to the splitoff point where two products (paper and 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 May: Trees processed: 50 trees (yield is 35,000 sheets of paper and 30,000 pencil casings and no scrap) Production: paper 35,000 sheets pencil casings 30,000 Sales: paper 34,000 at $0.04 per page pencil casings 30,000 at $0.10 per casing The cost of purchasing 50 trees and processing them up to the splitoff point to yield 35,000 sheets of paper and 30,000 pencil casings is $1,500. Yakima's Manufacturing's accounting department reported no beginning inventories and an ending inventory of 1,000 sheets of paper. What are the paper's and the pencils' approximate weighted cost proportions using the sales value at splitoff method, respectively? a 50.00% and 50.00% b. 33.33% and 66.67% c. 31.82% and 68.18% d. None of these answers is correct