Products		Alpha	Beta	Gamma
Units Sold		28,000	82,600	98,000
Units on hand at September 30		70,000	-	56,000
Sales Revenue		$ 126,000	$ 743,000	$ 1,029,000
Departments		1	2	3
Raw material cost		$ 470,400	$ -	$ -
Direct labor cost		$ 201,600	$ 339,780	$ 805,350
Manufacturing Overhead		$ 84,000	$ 88,620	$ 307,650

a. Determine the following amounts for each product (1) estimated net realizable value used for allocating joint costs. (2) joint costs allocated to each of the three products, (3) cost of goods sold, (4) finished goods inventory costs, September 30th

b. Assume that the entire output of Alpha could be processed further at an additional cost of $12 per unit and then sold for $16.30 per unit. What would have been the effect on operating profits if all of Alpha output of the quarter had been further processed and then sold rather than being sold at the split-off point?

c. Should Smith Liquids process Alpha further and why?