Award: 10.00 points Exercise 11-41 (Algo) Net Realizable Value Method: Multiple Choice (LO 11-7) Oak View Chemicals produces two main products, M-10 and M 20, and one by-product, B-60, from a single input, Chem-X. Products M-10 and M-20 can either be sold at split-off or processed further and sold. A given batch begins with 1,360 gallons of Chem-X with a cost of $122,400. Additional information regarding a batch follows. Product M-10 M-20 B-60 1 Processed Further Unit Sales Value at Split Additional Costs (Per Sales Value Per Units Produced off Unit) Unit) 29.920 $5.00 $2.00 $ 6.00 19,040 $10.00 $ 4.00 $16.00 6,800 $ 0.50 NA NA Oak View Chemicals uses the net realizable at split-off approach to allocate joint costs and treats the sales value of the by-product B-60 as other income. Required: The joint cost allocated to product M-10 at Oak View Chemicals for a given batch is: $74.800 $53,856 $52.360 $45,385 O None of the above. References Multiple Choice Difficulty: 1 Easy Exercise 11-41 Learning Objective: (Algo) Net 11-07 Allocate joint Realizable Value costs using the net Method: Multiple realizable value Choice (LO 11-7) method