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.

Transcribed Image Text:

Alpha Beta Gamma Total Units produced..... 4,000 2,000 1,000 7,000 Joint cost allocation $46,800 ? ? $78,000 Sales value at split-off. ? ? $19,500 $130,000 Additional costs if processed further. $9,100 $6,500 $3,900 $19,500 Sales value if processed further... $91,000 $32,500 $26,000 $149,500