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 $125,000 was as follows: 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): Muitiple Choice $51.559 $40.000 $65,000 $20.000 518,926