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 $1,244,000 for materials and $772,000 for conversion costs. The results of the processing follow: Alpha Beta Units Produced 33,000 Sales Value per Unit $ 9.60 26,400 Gamma 6,600 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 $ 0 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 $1,204,000 for materials and $740,000 for conversion costs. The results of the processing follow: Alpha Beta Gamma Required: Units Produced 32,500 Sales Value per Unit $ 9.60 26,000 6,500 18.00 80.00 Assign costs to Alpha, Beta, and Gamma for February using the physical quantities method. Product Cost Assigned Alpha $ 466,560 Beta $ 699,840 Gamma $ 777,600 Total $ 1,944,000