Question: 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
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 |
| 3. | 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.) | ||||||||
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