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Cheyenne Enterprises manufactures Nuts and Bolts from a Joint process (cost = $98,000). Five thousand pounds of Nuts can be sold at split-off for $15

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Cheyenne Enterprises manufactures Nuts and Bolts from a Joint process (cost = $98,000). Five thousand pounds of Nuts can be sold at split-off for $15 per pound; ten thousand pounds of Bolts can be sold at split-off for $10 per pound. For product costing purposes Cheyenne allocates joint costs using the relative sales value method. The amount of joint cost allocated to Bolts would be: Multiple Choice O $98.000. O $26.000. O $56,000 O $42,000. O $49,000

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