Solve requirement 3b please

There were no beginning inventories on September 1, 2017 Quality, Inc. is a producer of potato chips. A single production process at Quality, Inc., yields potato chips as the main product, as well as a byproduct that can be sold as a snack. Both products are fully processed by the splitoff point, and there are no separable costs. For September 2017, the cost of operations is $485,000. Production and sales data are as follows: (Click the icon to view the production and sales data.) Read the requirements Requirement 1. What is the gross margin for Quality, Inc., under the production method and the sales method of byproduct accounting? (Enter a "O" for any cells with a zero balance. For the main product inventory: Calculate the proportio inventory first, then complete your calculation.) Production Sales method method Data Table Revenues Main product (potato chips) $ 721.600 S 721,600 32,500 Byproduct (snack) Production (in pounds) 721,600 754.100 Total revenues Cost of goods sold Total manufacturing costs Potato Chips Byproduct 44,000 8,400 Sales (in pounds) Selling Price per pound 36,080 S 20 6,500 S 5 485.000 485.000 42.000 0 Print Done 443,000 485.000 Deduct value of byproduct production Net manufacturing costs Deduct main product inventory Cost of goods sold 79,740 87,300 363,260 397.700 $ 358,340 S 356,400 Grnce mamin Requirement 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? (Enter a "0" for any cells with a zero balance.) Production Sales method method $ 79,740 $ 87,300 Main product (potato chips) Byproduct (snack) 9,500 0 Requirement 3a. Prepare the journal entries to record the byproduct activities under the production method. (Record debits first, then credits. Exclude explanations from journal entries. Select "No journal entry needed" on the first line of the journal entry table and leave the other cells blank if a journal entry is not required.) Begin by preparing the entry to record the direct materials purchased and used in production during September. Accounts Debit Credit Work in Process 485,000 Accounts Payable 485,000 Record the entry for the cost of goods completed (for the byproduct) during September. Requirement 3b. Prepare the journal entry to record the byproduct activities under the sales method. (Record debits first, then credits. Exclude explanations from journal entries. Select "No journal entry needed" on the first line of the journal entry table and leave the other cells blank if a journal entry is not required.) Begin by preparing the entry to record the direct materials purchased and used in production during September. Accounts Debit Credit Work in Process 485,000 Accounts Payable 485,000 Record the entry for the cost of goods completed (for the byproduct) during September. Accounts Debit Credit 9500 Cost of Goods Sold Cost of Goods Sold 9500