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Yn Inc. is a producer of this. Ang production process i ne yelds pole che m in product en begining on September, 2017 pable For S umber 2017, the cost of person is $500.000 Production and o k the icon love the production and data) B TS SI 2 2 2013 Requirement. What is the gross margins for Yum, Inc., under the production method and vertory first them your color) azer balance for the main product inventory Calculate the proportion 1 Main product Byproduct de Costoso Deducto bradu production Ne manufacturing costs Det man productory Cost of goods Choose from any list orter any number in the input fiers and then continue to the ho chips. A single production process at Yum, Inc., yields potato chips as the main product. be sold as a snack. Both products are fully processed by the splitoff point, and there are mber 2017, the cost of operations is $500,000. Production and sales data are as follows: production and sales data) There were no beginning inventories on September 1, 2017 Read the requirements ross margin for Yum, Inc., under the productie your calculation) balance. For the main product inventory: Calculate the propor A Requirements Production method Sales method 1. What is the gross margin for Yum, Ine under the production method and the sales method of byproduct accounting? 2. What are the inventory costs reported in the balance sheet on September 30. 2017. for the main product and byproduct under the two methods of byproduct accounting in requirement 1? 3. Prepare the journal entries to record the byproduct activities under (a) the production method and (b) the sales method. Briefly discuss the effects on the financial statements production Print Done ter any number in the input fields and then continue to the next cuestion Yumine is a producer as well as a bh a Asing production process Yumo Body A7 23 Requirement t hat the margin forum, we od of tyraud main product inventory. Calculate the proportion of Raven Coded Totalaugos Datud values of byproduct production Nemendung Deductman production Cost of goods sold nning inventories on September 2017 Yum, Inc. is a producer of potato chips. A single production process of Yum, in, ya da pots chips as the main product as well as byproduct that can be soka n Both products are procesed by the proport, and there are no separable consFor September 2017, the cost of operations is $500.000. Production and sales data are as follows: (Click the icon to view the production and data) Netancuring costs Deduct main product inventory Cost of goods sold Requirement 2. What are the inver byproduct accounting in requirement 17 (Enter a "for any cells with a t product Requirement Prothermal Journal on land whether a Begin by preparing record d o the byproducts la jumatano e ls purchased toner rubin There were no beginning inventories on September 1, 2017 Yun, Inc. is a producer of t his A ngle 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 spintopoint, and there are no separable costs. For September 2017, the cost of operations is $500,000. Production and sales data are as follows: Click the icon to view the production and sales data) 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 "O for any colls with a zero balance. For the main product Inventory first, then complete your calculation) Production Sales Main product potato che) Byproduct rack Deduct value of byproduct production Cot of goods sold Choose from any store any number in the input fields and then continue to the next question Yum, Inc. is a producer of potato chips. A single production process at Yumine.yada pola chips as the main product. There were beginning investories on September 1, 2017 a broduct that can be soldawak Boh products are processed by the spot point, and there are For September 2017, the cost of operations is $500.000 Production and sales data are as follows: Read the requirements Click then to vw the production and sales data) Requirement. What are the inventory b ) reported in the balance sheet on September 30, 2017 for the main product and byproduct under the two methods of byproduct accounting in requirement 1 Enter at Production Main product potato chipe). Droduct R e c ord the bodies under the production method. Record then we tomates S mally neede Begin by preparing the entry record the direct material purchased and used is production during September Dobil Crede Choose from n or t heted and then continue to the next question There were no beginning inventories on September 1, 2017 Yun, Inc. is a producer of potato chips. A single production process at Yum, inoyad 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 splito point, and there are no separate costs For September 2017, the cost of operations is $500 DOO Production and sales data are as follows (Click the icon to view the production and sales data) Read the requirements Requirements. Prepare the journal entries to record the byproduct activities under the production method. (Record debits first, then credits. Exclude explanations from journal entries Select "No jou oumalontry table and leave the other cols blank fajoumal entry is not required) Begin by preparing the entry to record the direct material purchased and used in production during Berber Accounts Credit Record they too good come for the byproduct during September Choose from any at or antarany number in the hour folds and then contrue to the next question Record the entry for the cost of goods completed (for the byproduct) during September Accounts Debit Credit Record the entry for the cost of goods completed (for the main product) during September Accounts Debit Cred Record the entry for sales of the byproduct during September. Accounts Debit Credit Record the entry for sales of the main product during September. (Do not record the cost, we will do this in the next step.) Accounts Debit Credit Record the entry for the cost of the main product sold during September Choose from any or enter any number in the input fields and then continue to the next question Y es producer of the Angle now For Sebr 2017, the Clothicon to view the production an Yum, Inc. is a producer of potato chips. A single production process at Yum, Ino, yields potato chips as the main product. There were no beginning inventories on September 1, 2017 as well as a byproduct that can be sold as a snack. Both products are fully processed by the split point, and there are no separable costs For September 2017, the cost of operations is $500,000. Production and sales data are as follows: Read the requirements Click the icon to view the production and sales data) Record the entry for the cost of goods completed for the byproduct during September Accounts Debit Record the entry for the cost of goods completed for the main product) during September Accounts Debit Credit Record the entry for sales of the byproduct during September 1 Data Table Production (in pounds) 54,000 8,100 Potato Chips Byproduct Sales (in pounds) Selling Price per pound 42,120 $ 6,000 Sk for the main Print Done

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