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Settings Torid Company processes 18,500 gallons of direct materials to produce two products, Product X...

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Settings Torid Company processes 18,500 gallons of direct materials to produce two products, Product X and Product Y. Product X sells for $8 per gallon and Product Y, the main product, sells for $200 per gallon. The following information is for December: Beginning Inventory Ending Inventory Product X: Product Y: Production 6,075 10,275 Sales 6,000 10,315 The manufacturing costs totalled $29,000. If the byproduct inventory is recorded at NRV less profit margin of 20%, the balance sheet will report of byproduct inventory. O A. $2,000 O B. $0 OC. $480 OD. $600

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