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Data pertaining to a company's joint production for the current period follows: Quantities produced Market value at split-off point M 300 lbs. 150 lbs. $

Data pertaining to a company's joint production for the current period follows: Quantities produced Market value at split-off point M 300 lbs. 150 lbs. $ 8 /lb. $ 16 /lb. Compute the cost to be allocated to Product L for this period's $828 of joint costs if the value basis is used. (Do not round intermediate calculations.) Multiple Choice O O $414 O O $664 4200 C

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