A company produced 232 units of Product L and 174 units of Product M during the current period and incurred joint costs of $1,020. Product L sells for $10 per unit and Product M sells for $20 per unit. Compute the cost to be allocated to Product M for this periods joint costs if the value basis is used.

• $1,076.

• $510.

• $2,014.

• $612.

• $408.