Exercise 11-44 (Algo) Estimated Net Realizable Value Method -- Solve for Unknowns (LO 11-3) Gunston Processing produces two products, ALT-1 and ALT-2, from a batch using a single raw material, ALT-O. Both products require further processing before they be can be sold. A batch of ALT-1 can be sold for $154,500 after processing costs of $48,000. A batch of ALT-2 can be sold for $241,800 after further processing. The cost of ALT-O is $200,000 for a batch. Using the estimated net realizable value method, a joint cost of $120,000 was allocated to ALT-2 for a batch. Required: Compute the separable processing cost for a batch of ALT-2. Note: Do not round intermediate calculations. Processing cost

FINANCIAL ACCOUNTING
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Exercise 11-44 (Algo) Estimated Net Realizable Value Method -- Solve for Unknowns (LO 11-3)
Gunston Processing produces two products, ALT-1 and ALT-2, from a batch using a single raw material, ALT-O. Both products require
further processing before they be can be sold. A batch of ALT-1 can be sold for $154,500 after processing costs of $48,000. A batch of
ALT-2 can be sold for $241,800 after further processing. The cost of ALT-0 is $200,000 for a batch. Using the estimated net realizable
value method, a joint cost of $120,000 was allocated to ALT-2 for a batch.
Required:
Compute the separable processing cost for a batch of ALT-2.
Note: Do not round intermediate calculations.
Processing cost
Check
Transcribed Image Text:27:37 ok Exercise 11-44 (Algo) Estimated Net Realizable Value Method -- Solve for Unknowns (LO 11-3) Gunston Processing produces two products, ALT-1 and ALT-2, from a batch using a single raw material, ALT-O. Both products require further processing before they be can be sold. A batch of ALT-1 can be sold for $154,500 after processing costs of $48,000. A batch of ALT-2 can be sold for $241,800 after further processing. The cost of ALT-0 is $200,000 for a batch. Using the estimated net realizable value method, a joint cost of $120,000 was allocated to ALT-2 for a batch. Required: Compute the separable processing cost for a batch of ALT-2. Note: Do not round intermediate calculations. Processing cost Check
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