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Butterfly Corp. manufactures products M1 and M2 from a joint process, which also yields a by-product, B1. Butterfly accounts for the revenues from its by-product sales as other income. Additional information follows:

	M1			M2			B1			Total
Units produced		21,800			13,900			9,100			44,800
Allocated joint costs		?			?			?		$	351,000
Sales value at split-off	$	372,000		$	248,000		$	97,000		$	717,000

Required:

Assuming that joint product costs are allocated using the net realizable value at split-off approach, what was the joint cost allocated to product M1?