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 Units produced 25,600 Allocated joint costs Sales value at split- $378.000 off M2 13,800 ? $252,000 B1 10,000 ? $96,000 Total 49,400 $356,000 $726,000 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