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 $120,000 was as follows:

		L		M		N		Total
Separable Processing cost	$	14,500	$	34,000	$	15,500	$	64,000
Units Produced		3,000		7,000		6,100		16,100
Sales Value (after addtl processing)	$	78,000	$	72,500	$	34,000	$	184,500

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):

• $63,237.

• $18,423.

• $49,796.

• $17,349.

• $38,340.