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We Can Ocean Water (WOW) die botte water heated were in tigh demand for the world. W 1000 of a wid1000 wa maofisa wawes when WW 51.500 WOW as 600 este destined to becomes for 10 perc WOW a 10 120 g Duet decided to treat bydet Requirements 1 and 2. Auming WOW accounts for the byproducting the production method what is the meantonable cast terach product and WOW! Calculate the grous magn and gross rangin percentage for West Coast Oceanac be under the production med and then the sales de colore recew cate the code to the whole data and the gas centage tous de Puction Metod Required R Man product 1. Assumn WOW account the by the producted Byproduct what is the world for each product and WOW! 2. Asung WOW counts for the bring the sales what is Total hente com och product and WOW suma? Cost of goods 3. Discover the women for bypots Prat Done Enfer any number in the earted and then click Check Answer West Coast O W (WOW) desain and bottles wat The water in tigh demand from spelarial pole on the Canach WOW process 1,000 of seawwad tans 1.000 es of drinking water and some of tot there the sea wale was in the drug the 100 W $1.500 Wow will come of the destined wat in contato per ti wow e46 legate de 3129 per Due to the lively smart, WOW decided to styroduct Requirements 1 and 2. Asung WOW accounts for the product the production method what is the state coach out and WOW! Calculate the gross and prospercentage for West Coast Oceance under the production method, and then ready.com into the need for to the rest whole da Round the cage to decima) Production Method Required Reus Man product 1. Asung WOW counts for the product one to the Byprodud what is the mobile cool for each product and WOW maga? Tom 2 Assung WOW accords for the badding the method is the inviable cost for each product and WOWs margin Coat of goods sold 3. Discuss the difference between the two mode of accounting to byproducts West Coast Ocean Water (WOW) de and be sea water. The desired water is high demand from a large group of errormantally conscious ople on the west coast of Canada Dug Much WOW processes 1000 of water and 1.000s of drinking water and 5 korams of the rest of the sea water in the design process Proche 1.000 WOW $1.500 WOW 00s of the wire contra for $8 per contained in addition, WOW ses 40 grams of $120 program Due to the relatively ma proportion of WOW decided to treat byproduct Stalic) 2 i Required x 1. Assuming WOW accounts for the byproduct using the production method, what is the inventoriable cost for each product and WOW's gross margin? 2. Assuming WOW accounts for the byproduct using the sales method, what is the inventoriable cost for each product and WOW's gross margin? 3. Discuss the difference between the two methods of accounting for byproducts. Print Done CILICI West Coast Oceanic War (WOW) deses and bonessa ww. The desiated water is in high demand from a longe group of mentally conscious people on the west coast of Canada. During Mach. WOW Process 1,000 of seawal and obtain its of drinking water and 50 grams of set the rest of the water evaporates in the design process Processing the 1,000 lbs of water costs WOW 51.500 WOW ses 600 lbs of the dested in 2-4 containers for per continental, Wow ses 40 kilograms of war 120 parkinga Due to the relatively small proportion of WOW as decided to treat byproduct Requirements 1 and 2. Assung WOW accounts for the byproduct using the production method, what is the materiale cout for each product and wows grous nagin? Calculate the grous map and prospercentage for Wow-Cost Oceaniene under the production method, and then for the method (Only complete the necessary boxes, do not enter and in con to the match Round find the whole do Round the gross mag pertrage to two decalces) Production Method Man product Byproduct Total Ceut of goods to LUCSN Help West-Coast Oceanic Water (WOW) desalinates and bottles sea water. The desalinated water is in high demand from a large group of environmentally conscious people on the west coast of Canada. During March, WOW processes 1,000 litres of sea water and obtains 1,000 litres of drinking water and 50 kilograms of sea salt (the rest of the sea water evaporates in the desalinization process). Processing the 1,000 litres of water costs WOW $1,500 WOW sells 600 litres of the desalinated water in 2-litre containers for $8 per container. In addition, WOW sells 40 kilograms of sea salt for $1.20 per kilogram. Due to the relatively small proportion of sea salt, WOW has decided to treat it as a byproduct. Required nep West-Coast Oceanic Water (WOW) desalinates and bottles sea water. The desalinated water is in high demand from a large group of environmentally conscious people on the west coast of Canada. During March, WOW processes 1,000 litres of sea water and obtains 1,000 litres of drinking water and 50 kilograms of sea salt (the rest of the sea water evaporates in the desalinization process). Processing the 1,000 litres of water costs WOW $1,500. WOW sells 600 litres of the desalinated water in 2-litre containers for $8 per container. In addition, WOW sells 40 kilograms of sea salt for $1.20 per kilogram. Due to the relatively small proportion of sea salt, WOW has decided to treat it as a byproduct. Required Required Requirements inventoriable co he Calculate the go then for the sall cent Round fin 1. Assuming WOW accounts for the byproduct using the production method, what is the inventoriable cost for each product and WOW's gross margin? 2. Assuming WOW accounts for the byproduct using the sales method, what is the inventonable cost for each product and WOW's gross margin? 3. Discuss the difference between the two methods of accounting for byproducts nethod, and to the nearest ces) Enter any num - West-Coast Oceanic Water (WOW) desalinates and bottles sea water. The desalinated water is in high demand from a large group of environmentally conscious people on the west coast of Canada. During March, WOW processes 1,000 litres of sea water and obtains 1,000 litres of drinking water and 50 kilograms of sea salt (the rest of the sea water evaporates in the desalinization process). Processing the 1,000 litres of water costs WOW $1,500. WOW sells 600 litres of the desalinated water in 2-litre containers for $8 per container. In addition, WOW sells 40 kilograms of sea salt for $1.20 per kilogram. Due to the relatively small proportion of sea salt, WOW has decided to treat it as a byproduct. Required Required Requirements he inventoriable cd Calculate the g method, and then for the sall 1. Assuming WOW accounts for the byproduct using the production method to the nearest what the inventoriable cost for each product and WOW's gross margin? cent. Round fin ces) 2. Assuming WOW accounts for the byproduct using the sales method, what is the inventoriable cost for each product and WOW's gross margin? 3. Discuss the difference between the two methods of accounting for byproducts Enter any num Print Done Homework: Assignment for chapter 15 Score: 0 of 1 pt 2 of 2 (0 complete) Problem 15-31 (book/static) West Coast Oceanic Water (WOW) desalinates and bottles sea water. The desalinated water is in high demand from a large group of environmentally conscious peo processes 1,000 litres of sea water and obtains 1.000 litres of drinking water and 50 kilograms of sea salt (the rest of the sea water evaporates in the desalinization $1,500 WOW sells 600 litres of the desalinated water in 2-litre containers for 58 per container. In addition, WOW sells 40 kilograms of sea salt for $1.20 per kilogram decided to treat it as a byproduct Required Requirements 1 and 2. Assuming WOW accounts for the byproduct using the production method, what is the inventonable cost for each product and WOWs gros Calculate the gross margin and gross margin percentage for West Coast Oceanic Inc. under the production method, and then for the sales method. (Only complete calculations to the nearest cent Round final answers to the nearest whole dollar. Round the gross margin percentage to two decimal places) Production Method Revenues Main product Byproduct Total revenues Cost of goods sold