The Exotic Flower company makes perfume. In stage 1, it reduces flower petals, generating a liquid and waste petals. In stage 2, it uses the liquid to make Seduction and Romance, which are high-quality and lower-quality perfumes. For April, the firm processed 25,000 pounds of petals (joint cost in stage 1 =$300,000) and generated 12,000 lbs. of waste petal (value = $1.50 per pound). It spent an additional $224,000 in joint costs in stage 2. It also spent $120,000 to package 2,000 oz. of Seduction and $228,000 to package 8,400 oz. of Romance. Seduction sells for $180 per oz. while Romance sells for $70 per oz. Determine (in $) the gross margin from Seduction if joint costs are allocated using the NRV method, and waste petals are treated as a by product, valued using the production method.