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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 5,000 2,600 1,400 9,000
Joint cost allocation $ 64,800 ? ? $ 98,000
Sales value at split-off ? ? $ 27,000 $ 180,000
Additional costs if processed further $ 10,100 $ 7,500 $ 5,300 $ 22,900
Sales value if processed further $ 141,000 $ 57,500 $ 51,000 $ 249,500

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.)

Alllocation of Joint Costs
Beta ???
Gamma ???
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.)

Allocation of Joint costs
Alpha ???
Beta ???
Gamma ???

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