Ex 11-47 i 10 1 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: points Units produced Allocated M1 25,500 M2 B1 Total 13,700 9,500 48,700 ? ? joint costs ? $376,000 eBook Print Reference Sales value at split-off $396,000 $264,000 $90,000 $750,000 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