Gleed Company manufactures products Alpha, Beta, and Gamma from a joint process. Production, sales, and cost data
Question:
Gleed Company manufactures products Alpha, Beta, and Gamma from a joint process. Production, sales, and cost data for July follow.
Required:
1. Assuming that joint costs are allocated using the relative-sales-value method, what were the joint costs allocated to products Beta and Gamma?
2. Assuming that joint costs are allocated using the relative-sales-value method, what was the sales value at split-off for product Alpha?
3. Use the net-realizable-value method to allocate the joint production costs to the three products.
(CPA,adapted)
Transcribed Image Text:
Alpha Beta Gamma Total 4,000 7,000 Units produced Joint cost allocation Sales value at split-off . Additional costs if processed further Sales value if processed further 2,000 1,000 78,000 $19,500$130,000 3,900 19,500 $91,000 $32,500 $26,000 $149,500 $46,800 $9,100 S 6,500
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