A company produced 300 units of Product L and 150 units of Product M during the current period and incurred joint costs of $864. Product L sells for $9 per unit and Product M sells for $18 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.)

• $934.

• $432.

• $2,464.

• $278.

• $682.