Blue Group provides many of the laminated products that teachers use in their classrooms. Blue management considers the company to also be quite green, as it captures the small cut-out pieces and sells them to an organization that uses them in its production of plastic tableware. To date, Blue has treated these cut-outs as a by-product, since it receives a small value for the items upon sale. The quantities and values of both the main laminated products and the small cut-outs, created in a joint process that costs $1,800, are as follows. Both products are sold at the split-off point and not processed further. All sales are on account. Record the journal entries for the following transactions for Blue under the sales method of accounting for by-products. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. List all debit entries before credit entries.) 1. The completion of all products (main product and by-product). 2. The sale of all the main product. 3. The sale of all the by-product. No. Account Titles and Explanation 1. FG Inventory WIP Inventory 2. Accounts Receivable Sales (To record sales) COGS FG Inventory (To record cost of goods sold) 3. Accounts Receivable Sales Debit Credit 1800 1800 4000 4000 1800 \begin{tabular}{r} \hline \\ 1800 \\ \hline \end{tabular} 310 310 Record the same transactions as noted in part (a), but now under the production method of accounting for by-products. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. List all debit entries before credit entries.) No. Account Titles and Explanation Debit Credit 1. 2. (To record sales) (To record cost of goods sold) 3