Gleed Company manufactures products Alpha, Beta, and Gamma from a joint process. Production, sales, and cost data

Question:

Gleed Company manufactures products Alpha, Beta, and Gamma from a joint process. Production, sales, and cost data for July follow.


Gleed Company manufactures products Alpha, Beta, and Gamma from a


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?
2. Assuming that joint costs are allocated using the relative-sales-value method, what was the sales value at split-off for product Alpha?
3. Use the net-realizable-value method to allocate the joint production costs to the three products.
(CPA,adapted)

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