Iles Corporation Produces Four Products in a Joint Process for $500,000.The

Multiple Choice

Iles Corporation produces four products in a joint process for $500,000.The following information is available on total sales and production in units: $$\begin{array} { c c c } \text { Products } & \text { sales } & \text { Production } \\ \text { I } & 1,000 & 2,000 \\\text {L} & 2,000 & 2,500 \\\text { E } & 3,000 & 3,500 \\\text { S } & 4,000 & 4,000\end{array}$$ What amount of joint costs will be allocated to I based on the physical units method?

A) $50,000
B) $83,350
C) $200,000
D) $500,000