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Monroe Materials processes a purchased material, PM-20, and produces three outputs, Alpha, Beta, and Gamma. In February, the osts to process PM-20 are $644,000 for
Monroe Materials processes a purchased material, PM-20, and produces three outputs, Alpha, Beta, and Gamma. In February, the osts to process PM-20 are $644,000 for materials and $292,000 for conversion costs. The results of the processing follow: Units Produced Sales Value: per Unit Alpha Betal Gamma 25,500 $ 9.60 20,400 5,100 18.00 80.00 Required: Assign costs to Alpha, Beta, and Gamma for February using the net realizable value method. Product Cost Assigned Alpha Beta Gamma Total
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