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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: Separable Processing cost Units Produced Sales Value (after addt'l processing) L M N Total $17,500 $40,000 $24,500 $ 82,000 4,200 10,000 7,300 21,500 $90,000 $87,500 $52,000 $229,500 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 0 $69,767 0 $51,486. 0 $50,930. 0 $45,161. 0 $29,302

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