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:	350	trees
Production:	paper	150,000	sheets
	pencil casings	150,000
Sales:	paper	144,000	at $0.10 per page
	pencil casings	147,000	at $0.15 per casing

The cost of purchasing 350 trees and processing them up to the split-off point to yield 150,000 sheets of paper and 150,000 pencil casings is $15,500.

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.

$0.062

B.

$0.065

C.

$0.043

D.

$0.041