A company processed raw milk for $120,000. This raw milk can be converted into the following types of milk with listed sales values:

Joint Products	Sales Value
Whole milk	$ 50,000
2% milk	80,000
Skim milk	70,000
Total	$ 200,000

Using the value basis, the total cost allocated to skim milk is:

Multiple Choice $35,000. $48,000. $54,000. $42,000. $30,000