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: Alpha Beta Gamma Product Required: Assign costs to Alpha, Beta, and Gamma for February using the net realizable value method. Alpha Beta Units Produced 24,000 19, 200 4,800 Gamma Total Sales Value per Unit $9.60 18.00 80.00 Cost Assigned
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: Alpha Beta Gamma Product Required: Assign costs to Alpha, Beta, and Gamma for February using the net realizable value method. Alpha Beta Units Produced 24,000 19, 200 4,800 Gamma Total Sales Value per Unit $9.60 18.00 80.00 Cost Assigned
Chapter5: Process Costing
Section: Chapter Questions
Problem 8EB: A production department within a company received materials of $7,000 and conversion costs of $5,000...
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![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:
Alpha
Beta
Gamma
Product
Alpha
Beta
Units
Produced
24,000
19, 200
4,800
Required:
Assign costs to Alpha, Beta, and Gamma for February using the net realizable value method.
Gamma
Total
Sales Value
per Unit
$ 9.60
18.00
80.00
Cost Assigned](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Ff00761e5-6ea2-4b64-9c87-d0591240e351%2Fc1a9fc8c-5895-4be2-a6ff-beb3015e78af%2Fcbfig1a_processed.png&w=3840&q=75)
Transcribed Image Text: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:
Alpha
Beta
Gamma
Product
Alpha
Beta
Units
Produced
24,000
19, 200
4,800
Required:
Assign costs to Alpha, Beta, and Gamma for February using the net realizable value method.
Gamma
Total
Sales Value
per Unit
$ 9.60
18.00
80.00
Cost Assigned
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