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Grand Company manufactures products Alpha and Beta from a joint process, which also yields a by-product, Gamma. Grand accounts for the revenues from its by-product
Grand Company manufactures products Alpha and Beta from a joint process, which also yields a by-product, Gamma. Grand accounts for the revenues from its by-product sales as other income. Additional information follows:
Alpha | Beta | Gamma | Total | |
Units Produced | 42100 | 27700 | 19500 | 89300 |
Allocated joint costs | ? | ? | ? | 341700 |
Sales value at split-off | 335000 | 342000 | 53000 | 730000 |
Required: |
Assuming that joint product costs are allocated using the net realizable value at split-off approach, what was the joint cost allocated to product Beta? (Do not round intermediate calculations. Round your answer to the nearest dollar amount.) Joint cost of products Beta= ? |
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