(5) Cannot determine from the information provided. 11-61. Net Realizable Value of Joint Products Davenport Company buys Alpha-11 for $6 a gallon. At the end of distilling in Department A, Alpha-11 splits off into three products: Beta-1, Beta-2, and Beta-3. Davenport sells Beta-1 at the split-off point, with no further processing; it processes Beta-2 and Beta-3 further before they can be sold. Beta-2 is fused in Department B, and Beta-3 is solidified in Department C.Following is a summary of costs and other related data for the year ended November 3o (1) Distilling (2) Fusing (3) Solidifying Cost of Alpha-1i Direct labor $337,500 157 500 $487,500 405,000 Beta-1 Beta-2 Beta-3 Gallons sold Gallons on hand at year-end Sales 360,000 120,000 $225,000 S720,000 $1,063,125 Davenport had no beginning inventories on hand at December 1 and no Alpha-11 on hand at the end of the year on November 30. All gallons on hand on November 30 were complete as to processing. Davenport uses the net realizable value method to allocate joint costs. Compute the following: a. The net realizable value of Beta-1 for the year ended November 3o. b. The joint costs for the year ended November 30 to be allocated. c. The cost of Beta-2 sold for the year ended November 30. d. The value of the ending inventory for Beta-i. (CPA adapted) 11-62. Estimated Net Realizable Value and Effects of Processing Further Lo 11-7, 2) Fletcher Fabrication, Inc., produces three products by a joint production process. Raw materials are put into production in Department X, and at the end of processing in this department, three products appear. Product A is sold at the split-off point with no further processing. Products B and C require further processing before they are sold. Product B is processed in Department Y, 457