Use the informadon below to answer the following questionfs). Raynor Manufacturing purchases trees from Tree Nursery and procasses them up to the split off point, where two products (paper and pencil casings) are obtained. The products ara then sold to an indapendent company that markets and distributes them to retail outlets The following information was collected for the month af October Trees processed: 50 trees (yield is 30,000 sheets of paper and 30,000 pencil casings and no scrap) 0,000 sheets 0,000 Sales 29,000 at 50.04 per page 0,000 at 50.10 perc ost of purchasing 50 trees and processing them up to the spit off point to yield 30,000 sheets of paper and 30,000 pencil casings is 31,500 Raynor Manufacturing's accounting department reported no beginning inventories; however, ending inventory amounts reflected 1.000 sheets of paper in stock. What is the paper's sales value at the split ofl point? $120 $1,160 $3,000 O $1,950 $1,200