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Bismite Corporation purchases trees from Cheney lumber and processes them up to the split-off point where two products (paper and pencil casings) emerge from

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Bismite Corporation purchases trees from Cheney lumber and processes them up to the split-off point where two products (paper and pencil casings) emerge from the process. 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. Production: Sales 170,000 sheets 250 trees paper pencil casings paper 170,000 pencil casings 156,000 at 50.10 per page 166,000 at 50.14 per casing The cost of purchasing 250 trees and processing them up to the split-off point to yield 170,000 sheets of paper and 170,000 pencil casings is $13.500 Bismite's accounting department reported no beginning inventory. S A. 40.16% and 59.84% pro B. 50% and 50% OC. 41.67% and 58.33% OD. 48 45% and 51.55% CEED

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