Wolf Company processes copper ore into two products,C and U.The ore costs $5 per pound and conversion costs are $15 per pound.Wolf Company plans to produce 40,000 pounds of Product C and 20,000 pounds of Product U from 60,000 pounds of ore.Product C sells for $30 per pound and Product U sells for $40 per pound.Assume the company uses the relative-sales-value method of allocating joint costs.What amount of joint costs is allocated to Product C?
A)$400,000
B)$514,286
C)$720,000
D)$800,000

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The Answer of Wolf Company processes copper ore into two products,C and U.The ore costs $5 per pound and conversion costs are $15 per pound.Wolf Company plans to produce 40,000 pounds of Product C and 20,000 pounds of Product U from 60,000 pounds of ore.Product C sells for $30 per pound and Product U sells for $40 per pound.Assume the company uses the relative-sales-value method of allocating joint costs.What amount of joint costs is allocated to Product C?
A)$400,000
B)$514,286
C)$720,000
D)$800,000

Wolf Company Processes Copper Ore into Two Products,C and U