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Cheyenne Enterprises manufactures Nuts and Bolts from a joint process (cost =$75,000) ). Six 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 =$75,000) ). Six thousand pounds of Nuts can be sold at split-off for $15 per pound; fifteen 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 Nuts would be: Multiple Choice $28,125. $46,875. $30,000. $75,000. $45,000

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