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 $$564,000$ for materials and $$228,000$ for conversion costs. The results of the processing follow:

$$Units ProducedSales Value per UnitAlpha$24,500$$ $9\mathrm{.}60$Beta$19,60018\mathrm{.}00$Gamma$4,90080\mathrm{.}00$

Required:

Assign costs to Alpha, Beta, and Gamma for February using the net realizable value method.

Exercise $11-41($Algo$)$ Net Realizable Value 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 $\backslash (\backslash$$ $564,000\backslash )$ for materials and $\backslash (\backslash$$ $228,000\backslash )$ for conversion costs. The results of the processing follow:

Required:

Assign costs to Alpha, Beta, and Gamma for February using the net realizable value method.