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Monroe Materials processes a purchased material, PM-20, and produces three outputs, Alpha, Beta, and Gamma. In February, the costs to process PM-20 are $1,164,000 for

Monroe Materials processes a purchased material, PM-20, and produces three outputs, Alpha, Beta, and Gamma. In February, the costs to process PM-20 are $1,164,000 for materials and $708,000 for conversion costs. The results of the processing follow: Units Produced Sales Value per Unit Alpha Beta Gamma 32,000 $ 9.60 25,600 6,400 18.00 80.00 Required: Assign costs to Alpha, Beta, and Gamma for February using the physical quantities method. Product Cost Assigned: Alpha Beta Gamma Total

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