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What portion of the joint costs should be allocated

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1. Longtime Chemical produced 10,000 gallons of Greon and 20,000 gallons of Baron. Joint costs incurred in producing the two products totaled $7,800. At the split-off point, Greon has a market value of $6.00 per gallon and Baron $4.00 per gallon. What portion of the joint costs should be allocated to Greon if the basis is market value at point of separation? 
a. $3,343. 
b. $6,457. 
c. $7,800. 
d. $60,000. 
e. $6,850.

Reference no: EM13943660

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