Accounting for Joint Products and Byproducts (Qualitative)
Scenario: Pyramid Printing Company is a printer of magazines and retail inserts. In addition, there are two joint products (food wrapping and book covers) and one byproduct (shipping-box inserts) that originate from the trimmings of Pyramid's paper rolls in production. The food wrapping and book covers are the same size. The shipping-box inserts are sold to online retailers for shipping books. All joint products and byproducts are sold as sustainable alternatives to other recycling opportunities.
Discuss the alternative methods available in accounting for joint products and byproducts given the above scenario. This will be presented as a report to Pete Roberts, the company controller.
Your paper should meet the following requirements:
• 2-3 pages in length.
• Formatted according to CSU-Global Guide to Writing and APA Requirements.
• Include at least three outside sources in addition to your textbook. The CSU-Global Library is a good place to locate these sources.