Chapter 16 ng purchases trees from "y" Lumber and processes them up to the splitofr pencil casings) are obtained. The products are then sold ts. The following Answer the following questions using the information below: "X" Lumber and proce point where two products (paper and to an independent company that markets and distributes them to retail outle information was collected for the month of November: 100 trees (yield is 60, and no scrap) $10,000 000 sheets of paper and 60,000 pencil casings Trees processed: Joint costs 60,000 sheets 60,000 Production: paper pencil casin gs 58,000 at $0.04 per page 60,000 at $0.10 per casing Sales: paper pencil casings 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 $10,000 (joint costs). Y's accounting department reported no beginning inventories and an ending inventory of 2,000 sheets of paper 25) What is the sales value at the splitoff point for paper and the pencil easing? A) $240 and 800 B) $2,320 and 5,380 C) $2,400 and 6,000- D) None of these --2 points Show your work 20 sle value at spliof method is used, what is the joint cast allocated to paper and pencil casing A) $2,857 and $7,143 B) $100.00 and 3,450 C) $870.00 and 2,000 D) None of these 2 points Show your work