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ae sple-ofl point, with no fhinher a-11 splits off into three products: Beta-1, Beta-2, and Beta-3. Davenport sells Beta-1 at the split-of point, with no
ae sple-ofl point, with no fhinher a-11 splits off into three products: Beta-1, Beta-2, and Beta-3. Davenport sells Beta-1 at the split-of point, with no further Davenport Company buys Alpha-11 for $6 a gallon. At the end of distiling inDepartment A, Alpha ther belore hey can be sold. Bea2 is tused in Dapatment b, and Beta is soledfi olowingaumnery l d a r is a summary of costs and other related data for the year ende Cost of Alpha-11 Direct labor 5711,000 177,000 140,000 $338,000 158,000 $495,000 405,000 Gallons sold Gallons on hand at year-end Sales 564,000 189,000 $752,000 $2,256,000 $3,384,000 188,000 120,000 376,000 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 n realizable value method to allocate joint costs. Required: Compute the following a. The net realizable value of Beta-1 for the year ended November 30 b. The joint costs for the year ended November 30 to be allocated costs Show allX c. The cost of Beta-2 sold for the year ended November 30 (Do not round intermediate calculations.)
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