by-product

by-product
An incidental product emerging from a *production process. Byproducts typically have significantly less value than main production items, and are often unavoidable: for example, paraffin and lubricants are frequent by-products of oil refining processes. Depending on *materiality, a by-product can be accounted as a separate unit of inventory, or revenues from its sale can simply be offset against the production costs of the principal manufactured items. Compare *joint product.

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