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: Units Produced Sales Value per Unit Alpha 24,000 $ 9.60 Beta 19,200 Gamma 4,800 18.00 80.00 Required: Assign costs to Alpha, Beta, and Gamma for February using the physical quantities method. Product Cost Assigned Alpha Beta Gamma Total $ 0

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: Units Produced Sales Value per Unit Alpha 24,000 $ 9.60 Beta 19,200 Gamma 4,800 18.00 80.00 Required: Assign costs to Alpha, Beta, and Gamma for February using the physical quantities method. Product Cost Assigned Alpha Beta Gamma Total $ 0

Name: Monroe Materials processes a purchased material, PM-20, and produces
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Description: Monroe Materials processes a purchased material, PM-20, and produces three outputs, Alpha, Beta, and Gamma. InFebruary, the costs to process PM-20 are $524,000 for materials and $196,000 for conversion costs. The results of theprocessing follow:Unit

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter5: Process Costing

Section: Chapter Questions

Problem 1PA: The following product Costs are available for Haworth Company on the production of chairs: direct...

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