Monroe Materials processes a purchased material, PM-20, and produces three outputs, Alpha, Beta, and Gamma. In February, the costs to process PM-20 are $844,000 for materials and $452,000 for conversion costs. The results of the processing follow: Alpha Beta Ganna Product Alpha Beta Units Produced 28,000 22,400 5,600 Required: Assign costs to Alpha, Beta, and Gamma for February using the net realizable value method. Gamma Total Sales Value per Unit $ 9.60 18.00 80.00 Cost Assigned

FINANCIAL ACCOUNTING
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Chapter1: Financial Statements And Business Decisions
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Monroe Materials processes a purchased material, PM-20, and produces three outputs, Alpha, Beta, and Gamma. In February, the
costs to process PM-20 are $844,000 for materials and $452,000 for conversion costs. The results of the processing follow:
Alpha
Beta
Ganna
Product
Required:
Assign costs to Alpha, Beta, and Gamma for February using the net realizable value method.
Alpha
Beta
Units
Produced
28,000
22,400
5,600
Gamma
Total
Sales Value
per Unit
$ 9.60
18.00
80.00
Cost Assigned
Transcribed Image Text:Monroe Materials processes a purchased material, PM-20, and produces three outputs, Alpha, Beta, and Gamma. In February, the costs to process PM-20 are $844,000 for materials and $452,000 for conversion costs. The results of the processing follow: Alpha Beta Ganna Product Required: Assign costs to Alpha, Beta, and Gamma for February using the net realizable value method. Alpha Beta Units Produced 28,000 22,400 5,600 Gamma Total Sales Value per Unit $ 9.60 18.00 80.00 Cost Assigned
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