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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: M1 M2 B1 Total Units produced Allocated joint costs Sales value at split-off 51,100 ?S360,000 384,000 $256,000 $91,000 $731,000 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 ofproduct MI