Wren Pork Company uses the value basis of allocating joint costs in its production of pork products. Relevant information for the current period follows: Product Loin chops Ground Ribs Bacon Pounds Price/lb. 3,360 $5.00 10,920 2.00 4,375 4.80 6,960 3.50 The total Joint cost for the current period was $62,000. How much of this cost should Wren Pork allocate to Loin chops? I Multiple Choice $0 AN O $16120 $12.400 $17.980 $62.000 L