Question: Data pertaining to a company's joint production for the current period follows: L M Quantities produced 200 lbs. 150 lbs. Market value at split-off point

Data pertaining to a company's joint production for the current period follows:

L M
Quantities produced 200 lbs. 150 lbs.
Market value at split-off point $8/lb. $16/lb.

Compute the cost to be allocated to Product M for this period's $660 of joint costs if the value basis is used

$264.

$396.

$330.

$1,364.

$796.

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