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 $75,000 was as follows: L M N Total Separable Processing cost $ 10,000 $ 25,000 $ 2,000 $ 37,000 Units Produced 1,200 2,500 4,300 8,000 Sales Value (after addtl processing) $ 60,000 $ 50,000 $ 7,000 $ 117,000 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, for example 33.3333%, and round all dollar amounts to the nearest whole dollar): Multiple Choice $4,688. $46,875. $3,614. $23,438. $33,434.