Fanily Farm is a producee of mik and bypcoducts. A single production peocess at Family Farm yeles mik as ine main product, as wet as gree, a byproduct of mik productos, that can be soid. Both [131 (Click the icon to view the production and sales data) There were no beginning inventaries on October 1,2020 , Pead the teguirerivents. Family Farm it a producer of mak and byproduch. A single production process at Family Farm yleids mik as the main product, as wel as ghes, as byproduct of mak production that ean be anid. Both III (Click the icon to view the prodiction and talis data.) There were no begining inventories on Odober 1,2020 . Family Farm is a producer of milk and byproducts. A single peoduction process at Family Farm ytids mik as the man product, as woll as oh os, obyerotiet of mis producion, that ran be soid Aath II7 (Click the icon to view the production and sales data) There were no beginning inventocios on October 1, 2020. Read the ceovinements Data table Requirements 1. What is the gross margn for Family Fam unser ne proquetion methed ard the sales method of byproduct aceountng? 2. What are the inventory octs resoned in the balance ahaet on Ocisber 31 . 2020, for the main product and byproduct under the two mechods at byproduct accounting in requirement 1