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 $524,000 for materials and $196,000 for conversion costs. The results of the processing follow: Alpha Beta Gamma Product Alpha Beta Units Produced 24,000 Required: Assign costs to Alpha, Beta, and Gamma for February using the net realizable value method. Gamma Total 19, 200 4,800 Sales Value per Unit $ 9.60 18.00 80.00 Cost Assigned

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 $524,000 for materials and $196,000 for conversion costs. The results of the processing follow Required: Assign costs to Aipha, Beta, and Gamma for February using the net realizable value method