Question: Required information 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,
Required information 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 7 Alpha Beta Gamma Total Units produced 5,800 3.080 1720 10.600 Joint cost allocation $ 79,200 ? $ 114.000 Sales value at split-off ? $ 33,000 $220,000 Additional costs if $ 10,900 $ 8,300 $ 6,100 $ 25,300 processed further Sales value if processed $181,000 $77,500 $ 71,000 $329,500 further Problem 17-29 Part 3 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.) Allocation of Joint Costs Alpha Beta Gamma
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
