Question: Cost Accounting - Estimated Net Realizable Value Method Gunston Processing produces two products, ALT-1 and ALT-2, from a batch using a single raw material, ALT-0.

Cost Accounting - Estimated Net Realizable Value Method

Gunston Processing produces two products, ALT-1 and ALT-2, from a batch using a single raw material, ALT-0. Both products require further processing before they be can be sold. A batch of ALT-1 can be sold for $150,250 after processing costs of $31,000. A batch of ALT-2 can be sold for $240,100 after further processing. The cost of ALT-0 is $200,000 for a batch. Using the estimated net realizable value method, a joint cost of $120,000 was allocated to ALT-2 for a batch.

Required:

Compute the separable processing cost for a batch of ALT-2.

Note: Do not round intermediate calculations.

$61,225 , $49,000 , $0, $120,000 and $120,100 are incorrect. Please help me, I have been given incorrect answers . Please show work

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