Byproduct-costing journal entries (continuation of 15-36). Cumberland’s accountant o needs to record the information about the joint products and byproducts in the general | ppp inventory 10,000, journal, but is not sure what the entries should be. Cumberland Mines has hired you as a cr apete,, 10,000 consultant to help its accountant.

REQUIRED 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.

LO1