Question: Use 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

Use 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 $524,000 for materials and $196,000 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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