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Butterfly Corp. manufactures products M1 and M2 from a joint process, which also yields a by-product, B1. Butterfly accounts for the revenues from its by-product sales as other income. Additional information follows: 31 9,900 MI Units produced 26,500 Allocated joint costs Sales value at split-off 5370,000 N2 13,900 2 5252,000 Total 50, 300 350,000 5723,000 593, 000 Required: Assuming that joint product costs are allocated using the net realizable value at split off approach, what was the joint cost allocated to product M1? (Do not round Intermediate calculations.) Joint cost of product MI