Monroe Materials processes a purchased material, PM-20, and produces three outputs, Alpha, Beta, and Gamma. In February,

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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 $524,000 for materials and $196,000 for conversion costs. The results of the processing follow:

Required

Assign costs to Alpha, Beta, and Gamma for February using the net realizable value method.

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Fundamentals Of Cost Accounting

ISBN: 9781264100842

7th Edition

Authors: William Lanen

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Question Posted: Aug 26, 2022 12:26 AM

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Monroe Materials processes a purchased material, PM-20, and produces three outputs, Alpha, Beta, and Gamma. In February,

Question:

Alpha..... Deta. Gamma Units Produced 24,000 19,200 4,800 Sales Value per Unit $ 9.60 10.00 80.00

Step by Step Answer:

Total joint costs are 720000 524000 materials 196000 conversion Thes...View the full answer

Fundamentals Of Cost Accounting

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