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 1,220 gallons of Chem-X with a cost of $109,800. Additional information regarding a batch follows. Product M-10 M-20 B-60 Units Produced 26,840 17,080 6,100 Unit Sales Value at Split- off $ 5.00 $10.00 $ 0.50 If Processed Further Additional Costs (Per Sales Value Unit) (Per Unit) $2.00 $ 6.00 $4.00 $16.00 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: Multiple Choice $67,100 $48,312 O $46,970 O $40,713 None of the above