splitoff point, and there are no separable costs. For the month of October 2020 , the cost of operations is $370,000. Production and sales data are as follows: (Click the icon to view the production and sales data.) There were no beginning inventories on October1, 2020. Read the Requirement 1. What is the gross margin for Cloudy Cow under the production method and the sales method of byproduct accounting? (Complete all input fields. Enter a 0 for any zero balances.) Data table Requirements 1. What is the gross margin for Cloudy Cow under the production method and the sales method of byproduct accounting? 2. What are the inventory costs reported in the balance sheet on October 31 , 2020 , for the main product and byproduct under the two methods of byproduct accounting in requirement 1 ? Cost of goods sold: Deduct byproduct inventory Deduct byproduct revenue and inventory Deduct main-product inventory Deduct main-product revenue and inventory Total manufacturing costs Total revenues 
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