Question
Gleed Company manufactures products Alpha, Beta, and Gamma from a joint process. Production, sales, and cost data for July follow. Alpha Beta Gamma Total Units
Gleed Company manufactures products Alpha, Beta, and Gamma from a joint process. Production, sales, and cost data for July follow. |
Alpha | Beta | Gamma | Total | |||||||||
Units produced | 4,100 | 2,060 | 1,040 | 7,200 | ||||||||
Joint cost allocation | $ | 48,600 | ? | ? | $ | 80,000 | ||||||
Sales value at split-off | ? | ? | $ | 20,250 | $ | 135,000 | ||||||
Additional costs if processed further | $ | 9,200 | $ | 6,600 | $ | 4,000 | $ | 19,800 | ||||
Sales value if processed further | $ | 96,000 | $ | 35,000 | $ | 28,500 | $ | 159,500 | ||||
Problem 17-29 Part 1
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? (Do not round intermediate calculations.) |
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2. |
Assuming that joint costs are allocated using the relative-sales-value method, what was the sales value at split-off for product Alpha? (Do not round intermediate calculations and round your final answer to the nearest dollar amount.)
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3. | Use the net-realizable-value method to allocate the joint production costs to the three products. (Round the calculation of relative proportions to two decimal places.)
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