Rock Resources, Inc., mines copper. Its smelting process also yields a byproduct, molybdenum, that can be sold for industrial use. Both products are sold at the splitoff point. Rock Resources started November 2020 with no inventories and spent $570,000 on operations that month. Production and sales information for November are given below: (Click the icon to view the information for November.) What is the gross margin for Rock Resources, Inc., under the production method and the sales method of accounting for byproducts? Begin by calculating the gross margin under the production method and then the sales method. (Enter a "0" for any cells with a zero balance. For the main product inventory: Calculate the proportion of inventory first, then complete your calculation. Enter all numbers in thousands of dollars.) Production method More info Revenues Main product $ 900,000 0 Byproduct Total revenues Production (in tons) Sales (in tons) Selling Price per ton 30,000 22,500 $ 40 4,300 3,400 $ 17 Copper Molybdenum 900,000 Cost of goods sold Total manufacturing costs 570,000 73,100 Deduct value of byproduct production Print Done Met manufacturina conta 25000 Rock Resources, Inc., mines copper. Its smelting process also yields a byproduct, molybdenum, that can be sold for industrial use. Both products are sold at the splitoff point. Rock Resources started November 2020 with no inventories and spent $570,000 on operations that month. Production and sales information for November are given below: (Click the icon to view the information for November.) What is the gross margin for Rock Resources, Inc., under the production method and the sales method of accounting for byproducts? HIIULIVU Revenues Main product $ 900,000 0 Byproduct 900,000 Total revenues More info Cost of goods sold Total manufacturing costs Deduct value of byproduct production Net manufacturing costs Deduct main product inventory 570,000 73,100 Production (in tons) Sales (in tons) Selling Price per ton 30,000 22,500 $ 40 4,300 3,400 $ 17 Copper Molybdenum 256900 Cost of goods sold Gross margin Print Done