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 $80,000 was as follows:

		L		M		N		Total
Separable Processing cost	$	10,500	$	26,000	$	3,500	$	40,000
Units Produced		1,400		3,000		4,500		8,900
Sales Value (after addtl processing)	$	62,000	$	52,500	$	10,000	$	124,500

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):

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Multiple Choice

• $25,089.
• $6,154.
• $48,757.
• $35,316.
• $5,080.

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