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 $130,000 was as follows:

		L		M		N		Total
Separable Processing cost	$	15,500	$	36,000	$	18,500	$	70,000
Units Produced		3,400		8,000		6,500		17,900
Sales Value (after addtl processing)	$	82,000	$	77,500	$	40,000	$	199,500

The amount of joint costs allocated to product L using the physical measure 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

• $58,101.

• $46,877.

• $47,207.

• $40,552.

• $24,693.