A - Ore Chicken grows and processet chickens. Each chicken is dasssontled into five main parts. A - One Chicken is computing the ending imentory values tor as July 31, 2080, batance A-Ooe Chickeris management wants to use the sales vilue at splitof metfod. Howevar, sheet Ending inventory arrounts of July 31 are 12 pounds of breasts, 6 pounds of wings. 4 pounds of thighs, 7 pounds of bones, and 3 pounds of leathers. management wants you to oxpiore the affect on anding inventory values of clatsitying ont or more products as a byproduct rather than a jont product. Q (Cick to vew information on the sales value at solioff method.) Read the teavitenerts. Requirement 1. Assume A - One Chicken dassfies all five products as joint products. What are the ending invertory values of each product en duly 31,2020? iflound ynur answers 6 ne na inet cent. Enter an amount for each product incliding zero balances.) Requirement 2. Assume A - One Chicken uses the pocouction method of accounsing tor bypeoducts. What are the ending inventory values for each joint product on tuly 31 , 2020, assuming benasts and thighs are the joint products and wings, bones, and feathers are byproducts? Begin by selecting the formula to calculate tho joint costs to be allocated. Then enter the amounts and determine the amount. (NRV a Net Realzable Value.) and processes chickens. Each chicken is disassembled into five main A - One Chickor's managernent wanta to ute De swes vatue at eptheff mattiod. Hoanver. on is oomputing the ending inventory volues for its Jaly 31; 2080, balance cy amounts on July 31 are 12 pounds of breasts. 6 pounds of wings, 4 ounds of bones, and 3 pounds of feathers. managernent wants you fo exploro the offect on ending inventory vahues of dassitying ane or move products as a byproduct rather than a pint product. Reference [ (Cick to vee irformation on the sales value at spltom methind.) ton duy 34, 2020 ? (rougd pour arwwers be the rinarest or each joint product on July 31, 2020, asiuming breasis pasizable Vative.) 1. Assume A - One Chicken classifies all five products as joint products. What are the ending inventory values of each product on July 31,2020 ? 2. Assume A - One Chicken uses the production method of accounting for byproducts. What are the ending inventory values for each joint product on July 31,2020 , assuming breasts and thighs are the joint products and wings, bones, and feathers are byproducts? 3. Comment on differences in the results in requirements 1 and 2