Carey Ltd Manufactures Products X and Y from a Joint Process

Multiple Choice

Carey Ltd. manufactures Products X and Y from a joint process. Joint product costs were £60,000 during the month of December. Additional information is as follows: $\begin{array}{rrr}&&\text { Sales Value at }\\\text { Product }&\text { Units Produced }&\text { Split-Off per Unit }\\X & 10,000 & £ 24 \\Y & 5,000 & £ 8\end{array}$ What is the amount of joint product costs to be allocated to Product X during December using the sales-value-at-split-off method?

A) £20,000
B) £45,000
C) £51,429
D) £40,000