Bonanza Co. manufactures products X and Y from a joint process that also yields a by-product, Z. Revenue from sales of Z is treated as a reduction of joint costs. Additional information is as follows:

	PRODUCTS
	X			Y			Z				TOTAL
Units produced		37,000			37,000			18,500				92,500
Joint costs	$	?		$	?		$	?			$	347,000
Sales value at split-off	$	555,000		$	277,500		$	18,500			$	851,000

Joint costs were allocated using the net realizable value method at the split-off point. The joint costs allocated to product X were

$138,750.

$151,800.

$277,500.

$219,000.