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Gleed Company manufactures products Alpha, Beta, and Gamma from a joint process. Production, sale and cost data for July follow. Alpha Beta Gamma Total
Gleed Company manufactures products Alpha, Beta, and Gamma from a joint process. Production, sale and cost data for July follow. 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 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 ioint production costs to the three products
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