Data pertaining to a company's joint production for the current period follows:

	L	M
Quantities produced	200 lbs.	150 lbs.
Market value at split-off point	$8/lb.	$16/lb.

Compute the cost to be allocated to Product M for this period's $660 of joint costs if the value basis is used

$264.

$396.

$330.

$1,364.

$796.