Cheyenne Enterprises manufactures Nuts and Bolts from a joint process (cost =$80.000 ). Five thousand pounds of Nuts can be sold at split-off for $20 per pound; ten 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 $60,000. $40,000. $80,000. $32,000. $48,000