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Exercise 11-41 (Algo) Net Realizable Value Method (LO 11-3) Monroe Materials processes a purchased material, PM-20, and produces three outputs, Alpha, Beta, and Gamma.
Exercise 11-41 (Algo) Net Realizable Value Method (LO 11-3) 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 $1,164,000 for materials and $708,000 for conversion costs. The results of the processing follow: Units Produced Sales Value per Unit Alpha Beta Gamma 32,000 $ 9.60 25,600 6,400 18.00 80.00 Required: Assign costs to Alpha, Beta, and Gamma for February using the net realizable value method. Product Cost Assigned Alpha Beta ces Gamma Total
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