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 M 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):