Eryoy, Inc, is a producer of potate chips. A eingle production process at Enjoy, Inc, yiolds potato. ches as the main product, as well as a byproduct that can be sold as a snack. Both products are fuly processed by the oplitoll point, and there are no separabie costs. For Septembor 2017 , the cost of operations is 5530,000 . Production and sales data are as folows (Cick the icon to view the production and sales dati.) product inconory Calcalate the propotion of inventory finst, ithen oomplele youe caladation.) Data table Requirements 1. What is the gross margin for Enjoy, 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. Enjoy, Inc. is a producer of potato chips. A single production process at Enjoy, Inc., yie