Chapter 16 Answer the following questions using the information below: "Y" Manufacturing purchases trees from "X" Lumber and point where two products (paper and pencil casings) are obtained. he following to an independent information processes them up to the splitoff company that markets and distributes them to retail outlets. The following was collected for the month of November: Trees processedt 100 trees (yield is 60,000 sheets of paper and 60,000 pencil casings and no scrap) $10,000 Joint costs Production: 60,000 sheets 60,000 58,000 at $0.04 per page 60,000 at $0.10 per casing paper pencil casings paper pencil casings Sales: The cost of purchasing 100 trees and processing them up to the splitoff point to yield 60,000 sheets of paper and 60,000 pencil casings is S 10,000 oint costs). Y's accounting department reported no beginning inventories and an ending inventory of 2,000 sheets of paper 259) What is the sales-value at the splitoff point for paper and the peneil casings? 2 points A) $240 and 800 B) $2,320 and 5,380 C) $2,400 and-6,000 D) None of these Show your work 26) If the sales value at splitoff method is used, what is the joint cast allocated to pencil castings and paper. A) $7,143 and $2,857 B) S100 and 3,450 C) $870 and 2,000 D) None of these 2 points Show your work