A company produced 265 units of Product L and 212 units of Product M during the current period and incurred joint costs of $920. Product L sells for $8 per unit and Product M sells for $15 per unit. Compute the cost to be allocated to Product M for this periods joint costs if the value basis is used.

Multiple Choice

$368.

$1,082.

$460.

$1,832.

$552.