Product X-547 is one of the joint products in a joint manufacturing process. Management is considering whether to sell X-547 at the split-off point or to process X-547 further into Xylene. The following data have been gathered:

1-Selling price of X-547

11-Variable cost of processing X-547 into Xylene.

111-The avoidable fixed costs of processing X-547 into Xylene.

1V-The selling price of Xylene.

V-The joint cost of the process from which X-547 is produced.

Which of the above items are relevant in a decision of whether to sell the X-547 as is or process it further into Xylene?

Multiple Choice

I, II, and IV.

I, II, III, and IV.

II, III, and V.

I, II, III, and V.