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 N 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

• $18,926.

• $20,000.

• $40,000.

• $51,559.

• $65,000.