The joint cost allocated to product M1 using the net realizable value is $198,095.
<h3>What is the joint cost?</h3>
Joint costs refer to the common production costs (direct materials, direct labor, and overheads) incurred to produce two or more products during the same process.
Based on this, the different products have a common costs that should be allocated based on some criteria.
<h3>Data and Calculations:</h3>
M1 M2 B1 Total
Units produced 25,400 13,700 10,000 49,100
Allocated joint costs ? ? ? $ 375,000
Sales value at split-off $ 402,000 $ 268,000 $ 91,000 $ 761,000
Joint cost of M1 using the net realizable value = $198,095 ($402,000/$761,000 x $375,000)
Thus, the joint cost allocated to product M1 using the net realizable value is $198,095.
Learn more about joint costs at brainly.com/question/25408525
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