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The company produces two products, with Product B as a byproduct. Both products are sold at the splitoff point. The company spent $1,000 as joint costs on operations that month. Compute gross margin and ending inventory of byproduct under the sales method. Product Production (in tons) Sales (in tons) Selling Price per ton 200 100 $12 B 20 15 $4 (You may use this table as a reference for your computations.) Production method Sales method Revenues: Main product Byproduct COGS: Total operating costs Deduct byproduct Net operating costs Deduct main product Deduct main product COGS GM 4: Gross margin Ending inventory of byproduct a) $530 $20 e 5: b) $690 $20 c) $710 $0 age 6: d) $760 $0 6 Previous Page Next Page Page 30 of 40 Page 7