Please complete all the requirement/ parts. please do not respond if you are unable to complete all of the requirements.

Quality, Inc. is a producer of potato chips. A single There were no beginning inventories on September 1. production process at Quality, Inc., yields potato chips as 2017 the main product, as well as a byproduct that can be sold as a snack. Both products are fully processed by the splitoff Read the requirements. point, and there are no separable costs. For September 2017, the cost of operations is $525,000. Production and sales data are as follows: (Click the icon to view the production and sales data) Requirement 1. What is the gross margin for Quality, 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 Revenues Main product (potato chips) Enter any number in the edit fields and then click Check Answer. ? 15 parts Clear All Check Answer remaining Quality, Inc. is a producer of potato chips. A single There were no beginning inventories on September 1, production process at Quality, Inc., yields potato chips as 2017 the main product, as well as a byproduct that can be sold as a snack. Both products are fully processed by the splitoff Read the requirements. point, and there are no separable costs. For September 2017, the cost of operations is $525,000. Production and sales data are as follows: Click the icon to view the production and sales data.) Production method Revenues Main product (potato chips) Byproduct (snack) Total revenues Cost of goods sold Enter any number in the edit fields and then click Check Answer. 15 parts remaining Clear All Check Answer Quality, Inc. is a producer of potato chips. A single There were no beginning inventories on September 1, production process at Quality, Inc., yields potato chips as 2017 the main product, as well as a byproduct that can be sold as a snack. Both products are fully processed by the splitoff Read the requirements. point, and there are no separable costs. For September 2017, the cost of operations is $525,000. Production and sales data are as follows: Click the icon to view the production and sales data.) Byproduct (snack) Total revenues Cost of goods sold Total manufacturing costs Deduct value of byproduct production Net manufacturing costs Deduct main product inventory IND Enter any number in the edit fields and then click Check Answer, 2 15 parts remaining Clear All Check Answer Quality, Inc. is a producer of potato chips. A single There were no beginning inventories on September 1, production process at Quality, Inc., yields potato chips as 2017. the main product, as well as a byproduct that can be sold as a snack. Both products are fully processed by the splitoff Read the requirements. point, and there are no separable costs. For September 2017, the cost of operations is $525,000. Production and sales data are as follows: Click the icon to view the production and sales data) 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 Enter any number in the edit fields and then click Check Answer. 15 parts remaining Clear All Check Answer There were no beginning inventories on September cess at Quality, Inc., yields potato chips snack. Both products are fully processed mber 2017, the cost of operations is Read the requirements. - cells i Requirements 1. What is the gross margin for Quality, Inc., 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. KAL Print Done Clear All There were no beginning inventories on September 1, 2017 Read the requirements. single production process at Quality, Inc., yields potato chips that can be sold as a snack. Both products are fully processed able costs. For September 2017, the cost of operations is follows: and sales data.) - Xero for then a i Data Table Pro m Potato Chips Byproduct Production (in pounds) 50,000 8,300 Sales (in pounds) Selling Price per pound 41,000 $ 18 7,000 $ 10 Print Done then click Check Answer. Clear All Quality, Inc. is a producer of potato chips. A single There were no beginning inventories on September 1. production process at Quality, Inc., yields potato chips as 2017 the main product, as well as a byproduct that can be sold as a snack. Both products are fully processed by the splitoff Read the requirements. point, and there are no separable costs. For September 2017, the cost of operations is $525,000. Production and sales data are as follows: (Click the icon to view the production and sales data) Requirement 1. What is the gross margin for Quality, 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 Revenues Main product (potato chips) Enter any number in the edit fields and then click Check Answer. ? 15 parts Clear All Check Answer remaining Quality, Inc. is a producer of potato chips. A single There were no beginning inventories on September 1, production process at Quality, Inc., yields potato chips as 2017 the main product, as well as a byproduct that can be sold as a snack. Both products are fully processed by the splitoff Read the requirements. point, and there are no separable costs. For September 2017, the cost of operations is $525,000. Production and sales data are as follows: Click the icon to view the production and sales data.) Production method Revenues Main product (potato chips) Byproduct (snack) Total revenues Cost of goods sold Enter any number in the edit fields and then click Check Answer. 15 parts remaining Clear All Check Answer Quality, Inc. is a producer of potato chips. A single There were no beginning inventories on September 1, production process at Quality, Inc., yields potato chips as 2017 the main product, as well as a byproduct that can be sold as a snack. Both products are fully processed by the splitoff Read the requirements. point, and there are no separable costs. For September 2017, the cost of operations is $525,000. Production and sales data are as follows: Click the icon to view the production and sales data.) Byproduct (snack) Total revenues Cost of goods sold Total manufacturing costs Deduct value of byproduct production Net manufacturing costs Deduct main product inventory IND Enter any number in the edit fields and then click Check Answer, 2 15 parts remaining Clear All Check Answer Quality, Inc. is a producer of potato chips. A single There were no beginning inventories on September 1, production process at Quality, Inc., yields potato chips as 2017. the main product, as well as a byproduct that can be sold as a snack. Both products are fully processed by the splitoff Read the requirements. point, and there are no separable costs. For September 2017, the cost of operations is $525,000. Production and sales data are as follows: Click the icon to view the production and sales data) 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 Enter any number in the edit fields and then click Check Answer. 15 parts remaining Clear All Check Answer There were no beginning inventories on September cess at Quality, Inc., yields potato chips snack. Both products are fully processed mber 2017, the cost of operations is Read the requirements. - cells i Requirements 1. What is the gross margin for Quality, Inc., 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. KAL Print Done Clear All There were no beginning inventories on September 1, 2017 Read the requirements. single production process at Quality, Inc., yields potato chips that can be sold as a snack. Both products are fully processed able costs. For September 2017, the cost of operations is follows: and sales data.) - Xero for then a i Data Table Pro m Potato Chips Byproduct Production (in pounds) 50,000 8,300 Sales (in pounds) Selling Price per pound 41,000 $ 18 7,000 $ 10 Print Done then click Check Answer. Clear All