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:

	M1			M2			B1			Total
Units produced		26,700			13,100			9,200			49,000
Allocated joint costs		?			?			?		$	347,000
Sales value at split-off	$	372,000		$	248,000		$	99,000		$	719,000

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 PRODUCTION M1- ?