Question 1 (of 25) Wren Pork Company uses the relative market value method/Value basis method of allocating joint costs in it production of pork products. Relevant information for the current period follows: Product Pounds Price/lb. Loin chops Ground Ribs Baron 3,240 10,600 4,360 6,480 $6.20 2.60 5.65 4.10 joint cost for the crrent period was $50,200, How much of this cost should Wren Pork allocate to Loin chops? O $12,550. O $10201 O $7.510 O so O $50,200