Product ABCis one of the joint products in a joint manufacturing process. Management is considering whether to sell ABC at the split-off point or to process ABC further into XYZ. The following data have been gathered:

I. Selling price of ABC

II. Variable cost of processing ABC into XYZ.

III. The avoidable fixed costs of processing ABC into XYZ.

IV. The selling price of XYZ.

V. The joint cost of the process from which ABC is produced.

Which of the above items are irrelevant in a decision of whether to sell the ABC as is or process it further into XYZ?

I, II, and IV.

I, II, III, and IV.

V

I, II, III, and V.