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 2,700 $ 5.00 Ground 9,000 2.00 Ribs 3,750 4.60 Bacon 7,500 3.50 The total joint cost for the current period was $45,000. How much of this cost should Wren Pork allocate to Loin chops?
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