nc. is a producer of potato chips. A single production process at , 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 , the cost of operations is . Production and sales data are as follows: LOADING...(Click the icon to view the production and sales data.) . . . . . There were no beginning inventories on September 1, . Read the requirementsLOADING Requirement 1. What is the gross margin for , Inc., under the production method and the sales method of byproduct accounting? (Enter a "0" for any cells with a zero balance. For the main product inventory: Calculate the proportion of inventory first, then complete your calculation.) Production method Revenues Main product (potato chips) 786,240 Byproduct (snack) 32,500 Total revenues 818,740 Cost of goods sold Total manufacturing costs 515,000 Deduct value of byproduct production Net manufacturing costs Deduct main product inventory Cost of goods sold Gross margin