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Yum, Inc. is a producer of potato chips. A single production process at Yum, Inc.,...

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Accounting

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 2017, the cost of operations is $515,000. Production and sales data are as follows:
There were no beginning inventories on September 1,2017.
Read the requirements. your calculation.)
\table[[,Production,,],[method,,,],[Revenues,,,],[Main product (potato chips),,,],[Byproduct (snack),,,],[Total revenues,,,],[Cost of goods sold,,,],[Total manufacturing costs,,,],[Deduct value of byproduct production,,,],[Net manufacturing costs,,,],[Deduct main product inventory,Cost of goods sold,],[Gross margin,,,]]
Data table
\table[[,Production (in pounds),Sales (in pounds),Selling Price per pound],[Potato Chips,48,000,38,400$,24],[Byproduct,8,600,6,500$,5]]
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