A company produced 300 units of Product L and 150 units of Product M during the current period and incurred joint costs of $732. 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 period's joint costs if the value basis is used. (Do not round intermediate calculations.) Muitiple Choice $366 $616 $212. $2,164 $802