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6 Pirate Seafood Company purchases lobsters and processes them into tails and fakes. It sells the lobster tells for $19.90 per pound and the takes

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6 Pirate Seafood Company purchases lobsters and processes them into tails and fakes. It sells the lobster tells for $19.90 per pound and the takes for $14.90 per pound. On average, 100 pounds of lobster are processed into 61 pounds of talls and 28 pounds of flakes, with 11 pounds of waste. Assume that the company purchased 3.300 pounds of lobster for $4 per pound and processed the lobsters with an additional labor cost of $6,700. No materials or labor costs are assigned to the waste, 1.869 pounds of talls and 851 pounds of flakes are sold, calculate the allocated cost of the sold items and the allocated cost of the ending inventory. The company allocates joint costs on a value basis. (Round your answers to nearest whole number. Round cost per pound answers to 2 decimal places.) 167 point Yeld per 5002 purchase Market Val per3,300 h purch Percent of Market value Cost to be allocated Allocated cost 3,300 pound purchase Cost per pound DOO Denominator of Mt Value 0 0 0 Part Numerator Lobster This Lobster Flakes Tetais What is the located cost of the sotme Cost pe Pounds sold Cost of pound Good Soki Lobster Tals 3 000 Lobster Flakes 0.00 Totah 5 2) What is the hosted cost of the ending investory? Cost per Pounds in Costo pound ering Ending Inventory Inventory Lost Tails 5 0.00 Los Flakes $ 0.00 Total $ 0

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