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[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
[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 | 5,000 | 2,600 | 1,400 | 9,000 | ||||||||
Joint cost allocation | $ | 64,800 | ? | ? | $ | 98,000 | ||||||
Sales value at split-off | ? | ? | $ | 27,000 | $ | 180,000 | ||||||
Additional costs if processed further | $ | 10,100 | $ | 7,500 | $ | 5,300 | $ | 22,900 | ||||
Sales value if processed further | $ | 141,000 | $ | 57,500 | $ | 51,000 | $ | 249,500 | ||||
Problem 17-29 Part 1
Required: | |||||||
1. | Assuming that joint costs are allocated using the relative-sales-value method, what were the joint costs allocated to products Beta and Gamma? (Do not round intermediate calculations.)
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