The Rich and Creamy Edibles Factory manufactures and distributes chocolate products. It purchases cocoa beans and processes them into two intermediate products: chocolate powder liquor base and milk chocolate liquor base. These two intermediate products become separately identifiable at a single split off point. Cocoa beans processed, 27.600 pounds - Costs of processing cocoa beans to split off point (including purchase of beans), $70,000 Production Sales Selling Price Separable Processing Cost Chocolate powder 31280 pounds 6800 $8 $46,035 Milk Chocolate 50,600 pounds 14,400 $9 $55,085 Using the net realizable value method to allocate joint costs the joint costs allocated to chocolate powder and milk Chocolate would be Select one: 3. 23646 and 46354 6.27645 and 42355 None of the above 0.26742 and 49258 24824 and 45 176