as follows: (Click the icon to view the production and sales data.) There were no beginning inventories on September 1, 2017. Read the Requirements 1. What is the gross margin for Quality. Inc., under the production method and the sales method of byproduct accounting? 2. What are the inventory costs reported in the balance sheet on September 30 . 2017 , for the main product and byproduct under the two methods of byproduct accounting in requirement 1 ? 3. Prepare the journal entries to record the byproduct activities under (a) the production method and (b) the sales method. Briefly discuss the effects on the financial statements. Data table