Joint cost allocations CFK Corporation specializes in chicken farming. Chickens are raised, packaged, and sold mostly to grocery chains. Chickens are accounted for in batches of 50,000 . At the end of each growing period, the chickens are separated and sold by grades. Grades AA and A are sold to large grocery chains, and \(\mathrm{B}\) and \(\mathrm{C}\) are sold to other buyers. For costing purposes,

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CFK treats each batch of chicks as a joint product. The cost data for a batch of 50,000 chicks follow: Grade Number of Chickens Average Pounds Per Chicken Selling Price Per Pound AA 25,000 5 $1.00 A 15,000 4 0.75 B 6,000 2 0.50 C 4,000 0.25 Total joint costs for the batch were $100,000. Required: Compute the cost allocations for each product, using the relative sales value method.