Breaking Bad Company produces four chemicals from the same process: M1, M2, M3, and M4. Joint product costs are P9,000. (Round all answers to the nearest peso.) Barrels Sales price per Disposal cost per Further processing barrel at split-off barrel at split-off cost P10.00 P6.50 P2.00 Final sales price per barrel M1 750 P13.50 M2 1,000 8.00 4.00 2.50 10.00 M3 1,400 11.00 7.00 4.00 15.50 M4 2,000 15.00 9.50 4.50 19.50 If the company sells the products after processing, the following disposal costs will be incurred: M1, P2.50; M2, P1.00; M3, P3.50; M4, P6.00. Using a physical measurement method, what amount of joint processing cost is allocated to Product M2? OP3,495 O P2,447 O P1,311 O P1,748