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ASM Tree Products Inc. purchases trees from EduCo Nursery and processes them up to the splitoff 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 collected for the month of June. Trees processed 50 trees (yield is 30,000 sheets of paper and 30,000 pencil casings and no scrap) Production paper pencil casings 30.000 sheets 30,000 Sales paper pencil casings 29.000 at $0.04 per page 30.000 at 50.10 per casing Cost of purchasing 50 trees and processing them up to the splitoff point to yield 30,000 sheets of paper and 30,000 pencil casings is $1,500. ASM's accounting department reported no beginning inventories, however, ending inventory amounts reflected 1,000 sheets of paper in stock Production paper pencil casings 30,000 sheets 30,000 Sales: paper pencil casings 29,000 at $0.04 per page 30,000 at 50.10 per casing Cost of purchasing 50 trees and processing them up to the splitoff point to yield 30,000 sheets of paper and 30,000 pencil casings is $1,500 ASM's accounting department reported no beginning inventories; however, ending inventory amounts reflected 1,000 sheets of paper in stock. What are the pencil casings' sales value at the split-off point? Choose Choose What is the paper's sales value at the splitoff point? $1,160.00 What are the approximate joint costs assigned to the paper ending inventory if joint costs are allocated using the sales $50.00 value at splitoff method? $1,950.00 Please answer all parts of the question $428.55 $4,500.00 $1,200.00 $14.29 s page Astigare $3.750.00 $3,000.00