A company processed raw milk for $230,000. This raw milk can be converted into the following types of milk with listed sales values:

Joint Products	Sales Value
Whole milk	$ 61,200
2% milk	97,400
Skim milk	85,400
Total	$ 244,000

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

• $80,500.

• $86,909.

• $57,689.

• $91,811.

• $42,700.