split-off point. Information for last month's operations follows: REQUIRED A. What is Nutri-smoothie's gross margin for last month if the by-product value is recognized at the time of production? B. What is Nutri-smoothie's gross margin for last month if the by-product value is recognized at the time of sale? C. Calculate the inventory value for both smoothies and compost on the balance sheet under the methods used in Parts A and B. split-off point. Information for last month's operations follows: REQUIRED A. What is Nutri-smoothie's gross margin for last month if the by-product value is recognized at the time of production? B. What is Nutri-smoothie's gross margin for last month if the by-product value is recognized at the time of sale? C. Calculate the inventory value for both smoothies and compost on the balance sheet under the methods used in Parts A and B