XYZ Manufacturing purchases trees from ABC company 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 November: Joint Costs Joint Costs (The cost of purchasing 100 trees and processing them up to the split off point $3,000 Pencil Casings 0 Beginning inventory Production Sales Ending inventory Selling price Paper 0 60,000 58,000 2,000 $0.04 60,000 60,000 0 $0.10 What is the sales value at the splitoff point for paper? Question 2/25 1. $240 2. O$2,320 3. O$2,400 4. O$3,900 What is the sales value at the splitoff point of the pencil casings? Question 3/25 1. OS600 2. O $2,460 3. O$6,000 4. $7,500 Question 4/25 If the sales value at splitoff method is used, what are the approximate joint costs assigned to ending i 1. $28.58 2. $100.00 3. $870.00 4. $1,500.00 1 1 Question 5/25 If the sales value at splitoff method is used, what is the approximate production cost for each pencil 1. O$0.0250 2. $0.0255 3. O$0.0335 4. $0.0357 Next