Question 8 1 pts SPY Company processes 30,000 gallons of direct materials to produce two products, Product X and Product Y. Product X, the byproduct, sells for $2 per gallon and Product Y, the main product, sells for $50 per gallon. The following information is for August: Production Product X (in gallons): 6,000 Sales 4,000 Beginning inventory Ending Inventory 0 2,000 0 Product Y (in gallons): 24,000 24,000 The manufacturing costs totaled $30,000. How much is the cost of goods sold in August if byproducts are recognized in the general ledger at the point of sales? O $22,000 $18,000 O $30,000 non of the answers. O $26,000