Bismite Corporation purchases trees from Cheney lumber and processes them up to the split-off point where two products (paper and pencil casings) emerge. 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 190,000 sheets pencil casings 190,000 Sales: paper 177,000 at $0.20 per page pencil casings 188,000 at $0.26 per casing The cost of purchasing 280 trees and processing them up to the split - off point to yield 190,000 sheets of paper and 190,000 pencil casings is $14,500. Bismite's accounting department reported no beginning inventory. If the sales value at split - off method is used, what is the approximate production cost for each paper sheet? (Round intermediary percentages to the nearest hundredth.) A. $0.043 B. $0.046 C. $0.033 D. $0.036