Monroe Materials processes a purchased material, PM-20, and produces three outputs, Alpha, Beta, and Gamma. In...

 

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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 $604,000 for materials and $260,000 for conversion costs. The results of the processing follow: Units Produced Sales Value per Unit Alpha Beta 25,000 $ 9.60 20,000 Gamma 5,000 18.00 80.00 Required: Assign costs to Alpha, Beta, and Gamma for February using the net realizable value method. Product Cost Assigned Alpha Beta 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 $604,000 for materials and $260,000 for conversion costs. The results of the processing follow: Units Produced Sales Value per Unit Alpha Beta 25,000 $ 9.60 20,000 Gamma 5,000 18.00 80.00 Required: Assign costs to Alpha, Beta, and Gamma for February using the net realizable value method. Product Cost Assigned Alpha Beta

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To assign costs to Alpha Beta and Gamma using the net realizable value method we need to calculate t... View the full answer