Question: Please NEED A QUICK ANSWER Harmon Inc. produces joint products L, M, and N from a joint process. Information concerning a batch produced in May

Please NEED A QUICK ANSWER

Please NEED A QUICK ANSWER Harmon Inc. produces joint products L, M, and N from a joint process. Information concerning a batch produced in

Harmon Inc. produces joint products L, M, and N from a joint process. Information concerning a batch produced in May at a joint cost of $85,000 was as follows: Separable Processing cost Units Produced Sales Value after addt'l processing) L M N Total $11,000 $27,000 $5,000 $ 43,000 1,600 3,500 4,700 9,800 $ 64,000 $55,000 $13,000 $132,000 The amount of joint costs allocated to product M using the net realizable value method is (calculate all ratios and percentages to 4 decimal places, for example 33.3333%, and round all dollar amounts to the nearest whole dollar): (0) $6,566. $7,640. $26,742. $37,177. $50,618

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