Argon Manufacturing Company processes direct materials up to the split off point where two main products (U and V), and one by-product , X, are obtained and sold. The following information was collected for last quarter of the calendar year:

Direct materials processed: 10,000 gallons (note: processing results in some shrinkage of material )

Production:	Product U	4500 gallons
	Product V	4600 gallons
By product	Product X	1700
Sales price:	Product U	$150.00 per gallon
	Product V	$100.00 per gallon
by-product	Product X	10.00 per gallon

The cost of purchasing 10,000 gallons of direct materials and processing it up to the split off point was $975,000.

How much of the $975,000 of joint costs are allocated to the by-product using the production method to account for by-product cost?