Orville Corporation produces three products: Alpha, Beta, and Zeta, Alpha and Beta are considered main products while Zeta is a byproduct. 50,000 kg of raw material, are processed at a total cost of $355,000. After splitoff, 65% of the raw materials become Alpha and 25% become Beta There is no waste or scrap with the remainder becoming Zeta. Alpha can be sold for $10, Beta $14, and Zeta $1 per kg. There was no beginning inventory and Orville sold the following: Alpha 80%, Beta 75%, and Zeta 90% Required: Orville Corporation allocates the joint costs to Alpha and Beta using the sales value at splitoff method. They account for the byproduct using the production method. What is the Joint cost amount and how is it allocated? What is the gross margin percentage for Alpha and Beta? How much is the Alpha, Beta, and Zeta ending inventory worth? 9 Orville Corporation produces three products: Alpha, Beta, and Zeta Alpha and Beta se considered main products wide Tita ar 10 50,000 kg of raw materials are processed at a total cost of $355.000. After splitoft 65% of the materials become Mohan cometa There is no waste or scrap with the remainder becoming Zeta. Alpha can be sold for 510. Beta 514, and Zeta 51 perke 12 There was no beginning inventory and Orville sold the following: Alpha 80, Beta 75, and Zeta 90% 13 14 Required: 15 Orville Corporation allocates the joint costs to Alpha and Beta using the sales value at splitoft method. 16 They account for the byproduct using the production method. What is the joint cost amount and how is it allocated? 17. What is the gross margin percentage for Alpha and Beta? How much is the Alpha, Beta, and Zeta ending inventory worth? 8