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 $1,044,000 for materials and $612,000 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 30,500 24,400 6,100 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 $1,044,000 for materials and $612,000 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 30,500 24,400 6,100 Gamma Total Sales Value per Unit $ 9.60 18.00 80.00 Cost Assigned

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Description: Subject: acounting Monroe Materials processes a purchased material, PM-20, and produces three outputs, Alpha, Beta, and Gamma. In February, thecosts to process PM-20 are $1,044,000 for materials and $612,000 for conversion costs. The results of the p

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

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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