29. (By-products and cost allocation) Bayshore Manufacturing has a joint process that yields three products: M, N, and O. The company allocates the joint cost to the products on the basis of pounds of output. A particular joint process run cost $115,000 and yielded the following output by weight:

Product Weight in Pounds M 4,800 N 13,000 O 4,200 The run also produced by-products having a total net realizable value of

$15,000. The company records by-product inventory at the time of production.

Allocate the joint cost to the joint products.