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Dakota Beef Company uses the relative market value method of allocating joint costs in their production of beef products. Relevant information for the current period

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Dakota Beef Company uses the relative market value method of allocating joint costs in their production of beef products. Relevant information for the current period follows: Product Production Market in pounds price/pound Sirloin 9.000 $4.00 Hamburger 14.000 2.50 10.000 14.50 Roast 12,000 Rib eye 3.75 The total joint cost for the current period was $64.900. How much of this cost should Dakota Beef allocate to each product type? Show work

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