Byproduct-costing journal entries (continuation of 16-32). Cumberland’s accountant needs to record the information about the joint and byproducts in the general journal, but is not sure what the entries should be. Cumberland Mines has hired you as a consultant to help its accountant.

1. Show journal entries at the time of production and at the time of sale assuming Cumberland accounts for the byproduct using the production method.

2. Show journal entries at the time of production and at the time of sale assuming Cumberland accounts for the byproduct using the sales method.