Problem 17-29 Joint Cost Allocation; Missing Data (LO 17-4) [The following information applies to the questions displayed below.]

Gleed Company manufactures products Alpha, Beta, and Gamma from a joint process. Production, sales, and cost data for July follow.

		Alpha			Beta			Gamma			Total
Units produced		4,100			2,060			1,040			7,200
Joint cost allocation	$	48,600			?			?		$	80,000
Sales value at split-off		?			?		$	20,250		$	135,000
Additional costs if processed further	$	9,200		$	6,600		$	4,000		$	19,800
Sales value if processed further	$	96,000		$	35,000		$	28,500		$	159,500

Problem 17-29 Part 1

Required: 1. Assuming that joint costs are allocated using the relative-sales-value method, what were the joint costs allocated to products Beta and Gamma? (Do not round intermediate calculations.)

Allocation of Joint Costs Beta Gamma Assuming that joint costs are allocated using the relative-sales-value method, what was the sales value at split-off for product Alpha? (Do not round intermediate calculations and round your final answer to the nearest dollar amount.)

Use the net-realizable-value method to allocate the joint production costs to the three products. (Round the calculation of relative proportions to two decimal places.) Allocation of Joint Costs Alpha Beta Gamma