Question: May you please show clearly how you are finding unit cost for both production and sales method. Natural Resources, Inc., mines copper. Its smelting process

 May you please show clearly how you are finding unit cost

May you please show clearly how you are finding unit cost for both production and sales method.

Natural Resources, Inc., mines copper. Its smelting process also yields a byproduct, molybdenum, that can be sold for industrial use. Both products are sold at the splitoff point Natural Resources started November 2017 with spent $600,000 on operations that month. Production and sales information for November are given below: i (Click the icon to view the information for November.) What is the gross margin for Natural Resources, Inc., under the production method and the sales method of accounting for byproducts? Begin by calculating the gross margin under the production method and then the sales method. (Enter a "0" for any cells with a zero balance. For the main product inventory: Calculate the proportion of inventory first, then co calculation. Enter all numbers in thousands of dollars.) Production Sales method method Revenues More info Main product $ 682,240 682240 0 32500 Byproduct Production (in tons) Sales (in tons) Selling Price per ton 682,240 714740 Total revenues 26.000 21,320 $ 32 Copper Molybdenum 4,250 3,250 $ 10 600,000 600000 Cost of goods sold Total manufacturing costs Deduct value of byproduct production Net manufacturing costs 42,500 0 557,500 600000 Print Done 100,350 Deduct main product inventory 457,150 Cost of goods sold $ 225,090 Gross margin Clear all Etext pages Calculator Ask my instructor

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