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 Beginning inventory Production Sales Ending inventory Selling price Paper 0 60,000 58,000 2,000 $0.04 Pencil Casings 0 60,000 60,000 0 $0.10 Question 2/25 What is the sales value at the splitoff point of the pencil casings? 1 O $600 2 O $2,460 3 O$6,000 4 $7.500 Question 3/25 If the sales value at splitoff method is used, what are the approximate joint costs assigned to ending inventory for paper? 1. O $28 58 2 O$100.00 3. O$870.00 4 $1.500.00 Question 4/25 What is the sales value at the splitoff point for paper? 1 $240 2 $2,320 3. $2.400 4. $3,900