Data Pertaining to a Company's Joint Production for the Current

Multiple Choice

Data pertaining to a company's joint production for the current period follows: $\begin{array}{llr}& \text { L } & \text { M }\\ \text { Quantities produced } &200 Ibs&150Ibs\\ \text { Market value at split-off point } &\$8/Ib&\$16/Ib\end{array}$
Compute the cost to be allocated to Product L for this period's $660 of joint costs if the value basis is used. (Do not round your intermediate calculations.)

A) $796.
B) $1,364.
C) $264.
D) $396.
E) $330.