Homework: chapter 16 Question 1, E16-29 (similar to) Part 1 of 16 HW Score: 0%, 0 of 10 points O Points: 0 of 5 Sa Salty, Inc. is a producer of potato chips. A single production process at Salty, Inc., yields potato chips as the main product, as well as a byproduct that can be sold as a snack. Both products are fully processed by the splitoff point, and there are no separable costs. For September 2017, the cost of operations is $505,000. Production and sales data are as follows: 2(Click the icon to view the production and sales data.) There were no beginning inventories on September 1, 2017. Read the requirements. Revenues method Main product (potato chips) 960960 Byproduct (snack) 960960 Total revenues 220 Cost of goods sold Total manufacturing costs 505000 Deduct value of byproduct production 85000 Net manufacturing costs 420000 Deduct main product inventory Cost of goods sold Gross margin