Question: The raw material, Lirley, is processed into two joint products, Mo and Larry. When processed, each pound of Lirley yields six units of Mo and

The raw material, Lirley, is processed into two joint products, Mo and Larry. When processed, each pound of Lirley yields six units of Mo and eight units of Larry. Mo sells for $3 per unit and Larry sells for $2.50 per unit. The total cost to process a 10-pound batch of Lirley is $380. If the relative sales value method is used to allocate the joint costs, what is the total amount that will be allocated?

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$180

$380

$180

$200

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