Butterfly Corp. manufactures products M1 and M2 from a joint process, which also yields a by-product,...

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Butterfly Corp. manufactures products M1 and M2 from a joint process, which also yields a by-product, B1. Butterfly accounts for the revenues from its by-product sales as other income. Additional information follows: Units produced Allocated joint costs M1 28,000 ? M2 B1 Total 13,300 9,600 ? ? Sales value at split-off $402,000 $268,000 $95,000 50,900 $379,000 $765,000 Required: Assuming that joint product costs are allocated using the net realizable value at split-off approach, what was the joint cost allocated to product M1? (Do not round intermediate calculations.) Joint cost of product M1 Butterfly Corp. manufactures products M1 and M2 from a joint process, which also yields a by-product, B1. Butterfly accounts for the revenues from its by-product sales as other income. Additional information follows: Units produced Allocated joint costs M1 28,000 ? M2 B1 Total 13,300 9,600 ? ? Sales value at split-off $402,000 $268,000 $95,000 50,900 $379,000 $765,000 Required: Assuming that joint product costs are allocated using the net realizable value at split-off approach, what was the joint cost allocated to product M1? (Do not round intermediate calculations.) Joint cost of product M1