Data pertaining to a company's Joint production for the current perlod follows: 240 s. 180 Ibe 240 lba. Quantities produced Market value at split-off $10.00 /1b. $20.00 /lb point Compute the cost to be allocated to Product L for this period's $696 of joint costs if the value basis is used. (Do not round intermediate calculations.) Multiple Choice $2,164.00 $836.00. O $278.00 S418.00 $348.00