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Data pertaining to a company's joint production for the current period follows: LMQuantities produced200lbs.150lbs.Market value at split-off point$8/lb.$16/lb. Compute the cost to be allocated to

Data pertaining to a company's joint production for the current period follows:

LMQuantities produced200lbs.150lbs.Market value at split-off point$8/lb.$16/lb.

Compute the cost to be allocated to Product L for this period's $660 of joint costs if the value basis is used.(Do not round your intermediate calculations.)

Multiple Choice

$264.
$396.
$330.
$1,364.
$796.

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