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 $130,000 was as follows:

	L	M	N	Total
Separable Processing cost	$ 15,500	$ 36,000	$ 18,500	$ 70,000
Units Produced	3,400	8,000	6,500	17,900
Sales Value (after additional processing)	$ 82,000	$ 77,500	$ 40,000	$ 199,500

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):

Multiple Choice