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 24,700 M2 13,200 B1 9,300 Total Units produced Allocated joint costs 47,200 ? $388,000 $414,000 $276,000 $93,000 $783,000 Sales value at split-off 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.) Answer is complete but not entirely correct. $205,149 cost of product