Harmon Inc.

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 $75,000 was as follows:

LMNTotalSeparable Processing cost$10,000$25,000$2,000$37,000Units Produced1,2002,5004,3008,000Sales Value (after addt’l processing)$60,000$50,000$7,000$117,000

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):