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 270 trees Trees processed: Production: paper pencil casings paper pencil casings 190,000 sheets 190,000 184,000 at $0.20 per page 187,000 at $0.26 per casing Sales: The cost of purchasing 270 trees and processing them up to the split - off point to yield 190,000 sheets of paper and 190,000 pencil casings is $12,000. 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.) O A. $0.037 OB. $0.036 O C. $0.027