Sam 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: 224 kg (Both standard and premium chips weigh 10 grams each) Production: Standard 13,000 chips Sales: Premium 7.200 chips Standard 12,000 at $120 per chip Premium 7,000 at $150 per chip The cost of purchasing 224 kgs of direct materials and processing it up to the split-off point to yield a total of 18,800 chips of good products was $1,015,000. Beginning Inventories totalled 111 chips for Standard and 80 chips for Premium. Ending Inventory amounts reflected 100 chips of Standard and 95 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? (Round intermediary percentages to the nearest hundredth.) 51,015.000 O $714,469 5361.746 5669,106