Wren Pork Company uses the relative market value method/Value basis method of allocating joint costs in its production of pork products. Relevant information for the current period follows:

Product	Pounds	Price/lb.
Loin chops	3,320	$6.60
Ground	10,800	2.80
Ribs	4,480	5.95
Bacon	6,640	4.30

The total joint cost for the current period was $52,600. How much of this cost should Wren Pork allocate to Loin chops?

$0.

$8,045.

$10,736.

$13,150.

$52,600.