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:

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?

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M1 M2 B1 Total 13,500 9,000 45,000 ? $%400,000