TB MC Qu$.7-36($Static$)$ Joint costs allocated to product M using the net realizable value method: Batches

Incorporated

Batches Incorporated produces joint products L$,$ M$,$ and N from a joint process. Information concerning a batch produced in May at

a joint cost of $$75,000$ was as follows:

The amount of joint costs allocated to product $M$ using the net realizable value method is $($calculate all ratios and percentages to $4$

decimal places, for example $33\mathrm{.}3333\%,$ and round all dollar amounts to the nearest whole dollar$)$:

Multiple Choice

$$3,614.$

$$4,688.$

$$23,438.$

$$33,434.$

$$46,875.$