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.)

Alpha=

Beta=

Gamma=

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