Butterny Corp. manufactures products M1 and M2 from a joint process, which also yields a by-product, B1. Butterftly accounts for the revenues from its by product sales as other income. Addtional information follows M1 M2 B1 Units produced Allocated joint costs Sales value at split-off 25,500 13,700 9,300 48,500 $372,000 $248,000 $93,000 $713,000 Required: Assuming that joint product costs are allocated using the net realizable value at spit-off approach, what was the joint cost allocated to product M1? (Do not round intermediate calculations.) Joint cost of product M1