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

Data pertaining to a company's joint production for the current period follows: L M Quantities produced 235 lbs. 188 lbs. Market value at splitoff point $ 8 /1b. $ 15 /1b. Compute the cost to be allocated to Product M for this period's $800 ofjoint costs if the value basis is used. Multiple Choice 0 $1,616 $320 $950. O 0 $400. O $480