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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
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 the cost of operations is $ Production and sales data are as follows:
There were no beginning inventories on September
Read the requirements. your calculation.
tableProduction,,methodRevenuesMain product potato chipsByproduct snackTotal revenues,,,Cost of goods sold,,,Total manufacturing costs,Deduct value of byproduct production,,,Net manufacturing costs,,,Deduct main product inventory,Cost of goods sold,Gross margin,,,
Data table
tableProduction in poundsSales in poundsSelling Price per poundPotato Chips,$Byproduct$
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Sunny
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