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please complete ALL requirements part 1,2,3 1. What is the gross margin for Enjoy, Inc, under the production method and the sales method of byproduct

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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 Data table Enpoy, inc. is a producer of potato chips. A single production process at Enoy, Inc. yields potato chips as the main product, as well as a byproduct that can be sold as a snack. Both products are fully processod by the splitolt point, and there are no separable costs For September 2017, the cost of operations is $515,000. Production and sales dote are as follews (Cick the icon to view the production and sales data ) Requirement 1. What is the gross margin for Enjoy, inc. under the production method and the saies mothod of byproduct accounting? the main product inwentary Calculate the proportion of inventory tist, then complete your calculation)

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