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Salty, Inc is a producer of potato chips. A single production process at Sally, Inc., yields potato chips as the main product, as well
Salty, Inc is a producer of potato chips. A single production process at Sally, 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 spitoff point, and there are no separable costs. For September 2017, the cost of operations is $515,000 Production and sales data are as follows (Click the icon to view the production and sales data) There were no beginning inventories on September 1, 2017 Read the requirements Requirement 1. What is the gross margin for Salty, Inc., under the production method and the sales method of byproduct accounting? (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) Revenues Main product (potato chips) Byproduct (snack) Total revenues Cost of goods sold Total manufacturing costs Production method lp me solve this Etext pages Get more help. Data table Production (in pounds) Sales (in pounds) Selling Price per pound Potato Chips Byproduct 48,000 38,400 5 16 8.000 6,500 $ Print Done
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