Wren Pork Company uses the value basis of allocating joint costs in its production of pork products. Relevant information for the current period follows:Product Pounds Price/lb.Loin chops 3,000 $5.00 Ground 10,000 2.00 Ribs 4,000 4.75 Bacon 6,000 3.50 The total joint cost for the current period was $43,000. How much of this cost should Wren Pork allocate to Loin chops?
A. $10,750.
B. $8,600.
C. $43,000.
D. $0.
E. $5,909.
Answer: B
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