Data pertaining to a company's joint production for the current period follows L M Quantities produced 250 lbs 200 lbs Market value at split off point $ 8 lb $ 15 lb Compute the cost to be allocated to Product M for this period's $860 of joint costs if the value basis is used

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Data pertaining to a company's joint production for the current period follows: L M Quantities produced 250 lbs. 200 lbs. Market value at split-off point

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

	L			M
Quantities produced		250	lbs.		200	lbs.
Market value at split-off point	$	8	/lb.	$	15	/lb.

Compute the cost to be allocated to Product M for this period's $860 of joint costs if the value basis is used.

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