Tasty, Inc., is a producer of potato chips. A single production process at Tasty, Inc., yields potato chips as the main product and a byproduct that can also be sold as snack. Both products are fully processed by the splitoff point, and there are no separable costs. For September 2022, the cost of operation is $300,000. Production and sales data are as follows: Production (in pounds) Sales (in pounds) Selling Price per Pound Main Product: Potato Chips 80,000 72,000 $20 Byproduct 8,000 6,000 $5 There were no beginning inventories on September 1, 2022. Required: What are the inventory costs reported in the balance sheet on September 30, 2022, for the main product and byproduct under the production method and the sales method of byproduct accounting?

Please show calculations

The production method The sales method

Main products:

Byproducts: