A company produced 200 units of Product L and 150 units of Product M during the current period and incurred joint costs of $912. Product L sells for $8 per unit and Product M sells for $16 per unit. Compute the cost to be allocated to Product L for this periods joint costs if the value basis is used. (Do not round intermediate calculations.)

Multiple Choice:

$365.

$615.

$211.

$1,364.