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? Multiple Choicea. $0. b. $5,909. c. $8,600. d. $10,750. e. $43,000.
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