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 $75,000 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): Multiple Choice $3,614. $4,688. $23,438 Multiple Choice $3,614. $4,688. $23,438. $33,434. $46,875