Bismite Corporation purchases trees from Cheney 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 October: Trees processed: 280 trees Production: paper 150,000 sheets pencil casings 150,000 Sales: paper 141,000 at $0.10 per page pencil casings 146,000 at $0.16 per casing The cost of purchasing 280 trees and processing them up to the splitoff point to yield 150,000 sheets of paper and 150,000 pencil casings is $15,000. Bismite's accounting department reported no beginning inventory. If the sales value at splitoff method is used, what are the approximate joint costs assigned to ending inventory for paper? $346.14 $153.84 $368.23 $553.86 Answer the following question using the information below: Eagle Eye Company produces two types of lenses-L7 and L9. Single Indirect-Cost ABC System Pool System Total direct costs $77,500 $58,000 Total indirect costs $37,500 (a) Total costs assigned to L7 $62,000 $49,500 Total costs assigned to L9 (b) $65,500 What is the total indirect costs (a) under ABC system? $40,000 $53,000 $57,500 $57,000