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Please find correct answers. Thanks Required information Problem 17-29 Joint Cost Allocation; Missing Data (LO 17-4) [The following information applies to the questions displayed below.]
Please find correct answers. Thanks
Required information Problem 17-29 Joint Cost Allocation; Missing Data (LO 17-4) [The following information applies to the questions displayed below.] Gleed Company manufactures products Alpha, Beta, and Gamma from a joint process. Production, sales, and cost data for July follow. Alpha Beta Gamma Total Units produced 5,300 2,780 1,520 9,600 Joint cost allocation $ 70,200 ? ? $104,000 Sales value at split-off ? ? $ 29,250 $ 195,000 Additional costs if processed further $ 10,400 $ 7,800 $ 5,600 $ 23,800 Sales value if processed $156,000 $65,000 $58,500 $279,500 further Problem 17-29 Part 3 3. Use the net-realizable-value method to allocate the joint production costs to the three products. (Round the calculation of relative proportions to two decimal places.) $ Allocation of Joint Costs 145,600 X $ 57,200 $ 52.900 X Alpha Beta GammaStep by Step Solution
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