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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

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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 $150,000 was as follows: Tota Separable Processing cost Units Produced Sale Value (after addt'l processing) $17,500 $40,000 $24,500 82,000 4,200 10,000 7,300 21,500 $90,000 $87,500 $52,000 $229,500 points 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): Multiple Choice 32 $26,892. points $73,729. $48,305 $60,288. $27,966

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