Batches Incorporated produces joint products L, M, and N from a joint process. Information concerning a batch produced in May at a joint cost of $85,000 was as follows: Separable Processing cost Units Produced Sales Value (after additional processing) L $ 11,000 1,600 $ 64,000 M $ 27,000 3,500 $ 55,000 N $ 5,000 Total $ 43,000 4,700 $13,000 9,800 $ 132,000 The amount of joint costs allocated to product L using the net realizable value method is (calculate all ratios and percentages to 4 decimal places, for example 33.3333%, and round all dollar amounts to the nearest whole dollar): $6,566. $7,640. $26,742. $37,177. $50,618