sole requirement 3a please and explain

Quality, Inc. La producer of potato chips. A single production process at Quality, Inc yolda potato chipa as the main product as well as a product that can be sold as a snack. Both aroducts are fully processed by the splitat point, and there are no separabic casts. For September 2017, the cost of operation is $485,000. Production and sales data are as follows: Click the icon to view the production and sales cata) Requirement 1. What is the gross margin for Qualty, Inc., under the production metod and the sales method of byproduct accounting? Entera y for any cells with a zero balance. For the main product inventory: Calculate the proportion of invertory first, then complete your calculation. Sales Production method method Revenues Main product potato che $ 721,000 $ 721,800 0 92,500 Byproduct lack) Total revenues 721,800 754,100 Cost of goods sold Total manufacturing als 485 550 495,000 Deduct value of byproduct production 42,000 0 Nel manufacturing als 443,000 485,000 Dedurain product inventory 79,740 87.300 Cost of goods sold 363,200 397,700 Grossmargin $ 259,340 $ 256,400 Requirement 2. What are the invertory costs reported in the hearce sheet on September 30, 2017 for the main product and typrod.cl under the two methods or bygroduct acourting in regiment 17 (Enter a "O" for any cals with balance Production Bales method method Main product potato chis) S 79,749 s 97,90 Byproduct (snacki 9,500 Requirement 3a. Prepare the journal entries to record the byprocuct activities under the production method. (Record debts first, then crecits. Exclude explanations from ourna entries. Select "No Journal entry needed on the first line of the journal entry table and leave the other cells blank acumal entry is not required. Begin by preparing the entry to record the direct materials purchased and used in production during September Accounts Debit Credit Data Table Work in Process 485,000 Accounts Payable 485,00 Production (in pounds) Potato Chips Sales (in pounds! Selling Price per pound 20 6.500 5 5 Recure the entry for the cost of gouds complete for the byproduct) curry Suplemen Byproduct 8.400 Accounts Debit Credit Print Done Finished Goods byproduct Finished Good-byproduct No joumal entry recced