Harmon Inc. produces joint products L, M, and N from a joint process. Information concerning a batch produced in May at a joint cost of $125,000 was as follows:

L M N Total Separable Processing cost $ 15,000 $ 35,000 $ 17,000 $ 67,000 Units Produced 3,200 7,500 6,300 17,000 Sales Value (after addtl processing) $ 80,000 $ 75,000 $ 37,000 $ 192,000

The amount of joint costs allocated to product L using the net realizable value method is (calculate all ratios and percentages to 4 decimal places

Multiple Choice $20,000. $51,559. $18,926. $40,000. $65,000.