Your employer engages in numerous joint processes that produce significant quantities and types of by-product.
You have been asked to give a report to management on the best way to account for by-product. Develop criteria for making such a choice and provide reasons for each criterion selected. On the basis of your criteria, along with any additional assumptions you wish to provide about the nature of the company you work for, recommend a particular method of accounting for by-product and explain why you consider it to be better than the alternatives.