Castel Faber Inc. purchases lumber and uses it to manufacture paper and pencils. The following information was collected for 2020 : Lumber processed 290 tons Production Paper 180,000 sheets Pencil 180,000 units Sales Paper 168,000 sheets, each for $0.20 Pencil 178,000 units, each for $0.25 The company had no beginning inventory in 2020. The cost of purchasing 290 tons of lumber and processing it up to the split-off point is $12,000 and Castel Faber uses sales value at split-off method. Q5.1 1 Point What is the total sales value at the split-off point for paper? What are the paper's and the pencil's approximate weighted cost proportions? Paper Pencil Q5.3 1 Point What are the approximate joint costs assigned to ending inventory for paper? Castel Faber Inc. purchases lumber and uses it to manufacture paper and pencils. The following information was collected for 2020 : Lumber processed 290 tons Production Paper 180,000 sheets Pencil 180,000 units Sales Paper 168,000 sheets, each for $0.20 Pencil 178,000 units, each for $0.25 The company had no beginning inventory in 2020. The cost of purchasing 290 tons of lumber and processing it up to the split-off point is $12,000 and Castel Faber uses sales value at split-off method. Q5.1 1 Point What is the total sales value at the split-off point for paper? What are the paper's and the pencil's approximate weighted cost proportions? Paper Pencil Q5.3 1 Point What are the approximate joint costs assigned to ending inventory for paper