Cheyenne Enterprises manufactures Nuts and Bolts from a joint process (cost = $78,000). Four thousand pounds of Nuts can be sold at split-off for $20 per pound; twelve thousand pounds of Bolts can be sold at split-off for $15 per pound. For product costing purposes Cheyenne allocates joint costs using the relative sales value method. The amount of joint cost allocated to Nuts would be:

Multiple Choice

$24,000.

$26,000.

$54,000.

$28,000.

$78,000.