Butterfly Corp. manufactures products M1 and M2 from a jointprocess, which also yields a by-product, B1. Butterfly accounts forthe revenues from its by-product sales as other income. Additionalinformation follows:
M1
M2
B1
Total
Unitsproduced
27,300
13,400
9,300
50,000
Allocated jointcosts
?
?
?
$
374,000
Sales value atsplit-off
$
396,000
$
264,000
$
97,000
$
757,000
Required:
Assuming that joint product costs are allocated using the netrealizable value at split-off approach, what was the joint costallocated to product M1? (Do not round intermediatecalculations.)
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