Raynor Manufacturing purchases trees from Tree Nursery 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 collected for the month of October. Trees processed: 330 trees (yield is 190,000 sheets of paper and 190,000 pencil casings and no scrap). Raynor Manufacturing's accounting department reported no beginning inventories.

Sales information: Paper sheets: 184,000 sheets (0,10 per paper sheet)

Pencil cases: 186,500 (0,14 per pencil case)

Cost of purchasing 330 trees and processing them up to the split off point to yield 190,000 sheets of paper and 190,000 pencil casings is $15,500.

1. What is the approximate cost assigned to the pencil casings if joint costs are allocated using the sales value at split off method?

2. What is the approximate cost assigned to the paper sheets if joint costs are allocated using the sales value at split off method?