Laredo manufactures Nuts and Bolts from a joint process (cost $80,000). 4,000 pounds of Nuts can be sold at split-off for $20 per pound; 16,000 pounds of Bolts can be sold at split-off for $15 per pound. For product costing purposes Laredo allocates joint costs using the relative sales value method. The amount of joint cost allocated to Nuts would be: O $80,000. O $20,000. O $60,000. O $70,000 O $40,000.