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23. If the company uses the net-realizable value allocation method, the amount of joint cost allocated to Beta is: (4 pts) Magenta Corporation uses a joint process to produce three products, Alpha, Beta and Gamma, all derived from one input. In addition, the process results in the production of a byproduct, Sigma, which is accounted for at the time of production. The company can sell these products at the point of split-off or process them further. The joint production costs for the most recent month were $10,000. Information regarding the products are as follows: $ 24. ASSUME that the company will operate in optimal fashion (to maximize profits). The total gross profit percentage on the production process will be: (4 pts) 20. Assuming sufficient demand exists, the company could sell all the products at the prices mentioned above at either the split-off point OR after further processing. To maximize its profits, they should perform additional processing on which product(s)? (4 pts) % Name of product(s) that should be processed further 25. If the company accounts for byproducts at the time of production, the journal entry to record a subsequent cash sale of Sigma is:(4 pts) 21. Assuming that the company allocates joint costs on a physical units basis, the amount of joint cost allocated to Alpha will be: (4 pts)