5 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: 2 M1 M2 B1 Total points Units produced 21,300 Allocated joint costs Sales value at split-off ? 13,500 ? 9,800 ? $360,000 $240,000 $92,000 44,600 $332,000 $692,000 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