Netzone Company is in semiconductor industry and fabrication of silicon-wafer chips splits off two types of memory chips, Standard and Premium. The following information was collected for last quarter of the calendar year:

Direct materials processed:		200	kgs (Both standard and premium chips weigh 20 grams each)
Production:	Standard	19,000	chips
	Premium	7,100	chips
Sales:	Standard	18,400	at $110 per chip
	Premium	6,800	at $190 per chip

The cost of purchasing 200 kgs of direct materials and processing it up to the split-off point to yield a total of 26,100 chips of good products was $1,950,000. Beginning inventories totaled 140 chips for Standard and 60 chips for Premium. Ending inventory amounts reflected 140 chips of Standard and 60 chips of Premium. October costs per unit were the same as November. When using a physical-volume measure, what is the approximate amount of joint costs that will be allocated Premium chips?

Select one:

a. $530,400

b. $526,190

c. $975,000

d. $479,762