How much is the net income attributable to Product M, assuming that joint costs are allocated using the Approximate Net Realizable Value x, and after being processed further, 1,800 gallons of Product M was sold during the year? TVA Company produces three products from the same process and incurs joint processing costs of P150,000. Gallons M 2,400 N 1,100 Q 500 Sales price per gallon at split-off Disposal cost per gallon at split-off Further processing costs P225.50 P 62.50 P 50.00 300 150.00 100.00 500 400.00 Disposal costs for the products if they are processed further are: 100.00 Final sales price per gallon P350.00 500.00 750.00 M, P 150.00; N, P 275.00; Q, P 50.00.