Grand Company manufactures products Alpha and Beta from a joint process, which also yields a by-product, Gamma. Grand accounts for the revenues from its by-product sales as other income. Additional information follows:

Required
Assuming that joint product costs are allocated using the net realizable value at split-off approach, what was the joint cost allocated to productBeta?

Transcribed Image Text:

Alpha Beta Total Gamma Units produced. Allocated joint costs Sales value at split-off. 27,000 90,000 2 $280,800 $60,000 $600,000 45,000 18,000 $300,000 $240,000