The ABC Company produced three joint products at a joint cost of $106,000. Two of these products were processed further. Production and sales were: Additional Processing Product Weight Sales Costs 203,00 P 303,000 250,250 lbs. $ $ 0 Q 103,000lbs. 33,000 -0- 103,00 R 103,000 181,750 lbs. 0 Assume Q is a by-product and the company uses the cost reduction method of accounting for by-product cost. If estimated net realizable value is used, how much of the joint costs would be allocated to product R? $66,250. $40,556. $45,625. $53,000