Question: I need help with this general accounting question using standard accounting techniques. Westlake Processing produced 8,000 pounds of Product X and 12,000 pounds of Product

I need help with this general accounting question using standard accounting techniques.

Westlake Processing produced 8,000 pounds of Product X and 12,000 pounds of Product Y. Joint costs incurred in producing the two products totaled $6,500. At the split-off point, Product X has a market value of $7 per pound and Product Y has a market value of $3 per pound. Compute the portion of the joint costs to be allocated to Product X if the value basis is used. a. $2,600 b. $4,550 c. $3,900 d. $1,950

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