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Batches Incorporated produces joint products L, M, and N from a joint process. Information concerning...

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Accounting

Batches Incorporated produces joint products L, M, and N from a joint process. Information concerning a batch produced in May at a joint cost of $110,000 was as follows:

L M N Total
Separable Processing cost $ 13,500 $ 32,000 $ 12,500 $ 58,000
Units Produced 2,600 6,000 5,700 14,300
Sales Value (after additional processing) $ 74,000 $ 67,500 $ 28,000 $ 169,500

The amount of joint costs allocated to product L using the physical measure 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):

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