Exercise $11-42($Algo$)$ Physical Quantities Method $($LO $11-3)$

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 $$1,124,000$ for materials and $$676,000$ for conversion costs. The results of the processing follow:

Units Produced Sales Value per Unit

Alpha $31,500$ $ $9\mathrm{.}60$

Beta $25,20018\mathrm{.}00$

Gamma $6,30080\mathrm{.}00$

Required:

Assign costs to Alpha, Beta, and Gamma for February using the physical quantities method.