Question- III - By Product ABC Company Manufacturing Furniture. As a normal output of the manufacturing process, the company will have the main product (wooden doors) and wood chips. The company considers the wood chips as a by product. During 2020 , the company produced 10,000 units of the main product and 5,000 KG of wood chips, and sold 9,000 units of the main product and 4,000KG of wood chips. The sales price for the main product is $50 / unit. Wood chips is sold usually at $1.2/KG with $0.20/KG expenses to sell. Required: 1. Calculate the cost per unit using the two approaches for by product (at production or at sale)? 2. Calculate the operating income using the two approaches