Making journal entries to record the cost and the sale of a by-product. The Juniper Company assigns to its by-products only the additional cost needed to process them. Give all journal entries related to the by-product that are called for by the data given below.

a. During July 19X5, by-product with an estimated value of $350 was removed from factory operations.

b. The by-product was further processed at a cost of $100 for materials, $200 for labor, and $100 for overhead.

c. The finished by-product was transferred to inventory.

d. The by-product was sold for $600.