Question: The joint process from which XCO, SA obtains both Nuts and Bolts has a total cost of $83,000 per batch. From each batch, 8,500 pounds

The joint process from which XCO, SA obtains both Nuts and

The joint process from which XCO, SA obtains both Nuts and Bolts has a total cost of $83,000 per batch. From each batch, 8,500 pounds of Nuts and 35,000 pounds of Bolts are obtained. These can be sold at the split-off point for $28 and $18 respectively. For product costing purposes XCO allocates joint costs using the relative sales value method. The amount of joint cost allocated to Nuts would be, to the nearest dollar: $

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