Question: Please answer all questions: Monroe Materials processes a purchased material, PM-20, and produces three outputs, Alpha, Beta, and Gamma. In February, the costs to process

Please answer all questions:

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 $884,000 for materials and $484,000 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. 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 $884,000 for materials and $484,000 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

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