Bismite Corporation purchases trees from Cheney lumber and processes them up to the split-off point where two products (paper and pencil casings) emerge from the process. The products are then sold to an independent company that markets and distributes them to retail outlets. The following information was collected for the month of October. Trees processed: 340 trees Production paper pencil casings Sales: paper pencil casings 200,000 sheets 200,000 188,000 at $0 10 per page 199,000 at $0.14 per casing The cost of purchasing 340 trees and processing them up to the split-off point to yield 200,000 sheets of paper and 200,000 pencil casings is $14,500 Bismite's accounting department reported no beginning inventory. What are the paper's and the pencil's approximate weighted cost proportions using the sales value at split-off method. respectively? OA. 41.67% and 58.33% B. 48 58% and 51.42% O c. 40.29% and 59.71% OD. 50% and 50% GEIXE

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