Yum, Inc. is a producer of potato chips. A single production process at Yum, 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 splitoff point, and there are no separable costs. For September 2020, the cost of operations is $480,000. 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, 2020. Read the requirements. Requirement 1. What is the gross margin for Yum, 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.) Production method Data table Revenues Main product (potato chips) 766,080 0 Byproduct (snack) 766,080 Total revenues Potato Chips Byproduct Production (in pounds) Sales (in pounds) 56,000 Selling Price per pound 8,500 42,560 $ 4,500 $ 18 10 Cost of goods sold Total manufacturing costs 480,000 85,000 Deduct value of byproduct production Net manufacturing costs 395,000 Print Done Deduct main product inventory Cost of goods sold Gross margin ges Get more help Clear all Check answer