4 Butterfly Corp. manufactures products M1 and M2 from a joint process, which also ylelds a by-product, B1. Butterfly accounts for the revenues from its by-product sales as other Income. Additional Information follows: 10 points Units produced Allocated joint costs sales value at split-off M1 25,300 ? $366,000 M2 13,700 ? $244,888 B1 9,600 ? $92,888 Total 48,60 $344, eee $702, eee eBook 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? (Do not round Intermediate calculations.) Print Joint cost of product M1 References