Use the information below to answer the 5 calculation questions. Show your work for partial marks. Candor Manufacturing purchases trees from Manor Tree Farm 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 March. Trees processed: 50 Trees (yield is 30,000 sheets of paper and 30,000 pencil casings and no scrap). Production Paper Pencil Casings Sales: Paper Pencil Casings 30,000 sheets 30,000 29,000 @ $0.04 per page 30,000 $0.10 per casing Cost of purchasing 50 trees and processing them up to the split off point to yield 30,000 sheets of paper and 30,000 pencil casings is $1,500. Candor Manufacturing's accounting department reported no beginning inventories; however, ending inventory amounts reflected 1,000 sheets of paper in stock. Questions: 1. What is the paper's sales value at the split-off point? (2 points) 2. What are the pencil casings' sales value at the split-off point? (2 points) 3. What are the papers and the pencil casings' approximate weighted cost proportions using the sales value at split-off method, respectively? (2 points) 4. What are the approximate joint costs assigned to the paper ending inventory if joint costs are allocated using the sales value at split-off method? (2 points) 5. What is the approximate cost assigned to the pencil casings if joint costs are allocated using the sales value at split-off method? (2 points)