ABC Company produces two joint products, Alpha and Beta, and a byproduct Gamma. At the split-off point, Alpha has 1,000 units and sells for $20,000 and Beta has 2,000 units and sells for $30,000. Gamma has 500 units and has a net realizable value of $1,000. The production process incurs joint costs of $16,000. Use the sales value at split-off method to allocate the joint costs assuming that byproducts are recognized at production as a cost reduction.