Paper Pulp Company purchases trees form Manila seedling and processes them up to the split-off point, where two products (paper and pencil casings) are obtained. The products are then sold to an independent company that markets and distributes them to retail outlets. The following information was obtained for the month of August. Trees processed: 50 trees (yield is 30,000 sheets of paper and 30,000 Production Sales pencil casings and no scrap) Paper Pencil casings Paper Pencil casings 30,000 sheets 30,000 29,000 at P 0.40 per page 30,000 at P 1.00 per casing Cost of purchasing 50 trees and processing them up to the split-off point is P 15,000. Paper Pulp Company's accounting department reported no beginning inventories, however, ending inventory amounts reflected 1,000 sheets of paper in stock. c. 49.00% and 51.00% d. 50.00% and 50.00% 25. What are the paper's and pencil's approximate weighted average cost proportions using the sales value at split-off method, respectively? a. 28.57% and 71.43% b. 33.33% and 66.67%