Chocolate Worid purchases chocolate liquor base and processes it up to the split$-$off point where two products $($cocoa powder and milk chocolate$)$ are obtained. The products are then sold to an independent company that markets and distributes them to retail outlets. The following information was collected for the month of November

Chocolate liquor base used $,100,000$ gallons

Production

Cocoa powder $29,000lbs$

Milk chocolate $30,000$ lbs

Sales value

Cocoa powder $29,000lbs,$ at $$0\mathrm{.}40$ per

pound

Milk chocolate $30,000lbs.$ at $$1\mathrm{.}00$ per pound

The cost of purchasing $100,000$ gallons of chocolate liquor base and processing it up to the split$-$off point was $$15,000.$ Chocolate World's accounting department reported no beginning inventories and an ending inventory $1,000$ pounds of cocoa powder. If the sales value at split$-$off method is used, what is the approximate joint costs assigned to milk chocolate?