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A special shipment of 60 pounds of breasts and 5 pounds of wings has been destroyed in a fire. Quality Chicken's insurance policy provides reimbursement

image text in transcribedimage text in transcribed A special shipment of 60 pounds of breasts and 5 pounds of wings has been destroyed in a fire. Quality Chicken's insurance policy provides reimbursement for the cost of the items destroyed. The insurance company permits Quality Chicken to use a joint-cost-allocation method. The splitoff point is assumed to be at the end of the production process. Read the A special shipment of 60 po (Click the icon to view the information.) of the items destroyed. The production process. Joint cost of production in July 2017 was $50. Read the n Requirement 1a. Compute the cost of the special shipment destroyed using the sales value at splitoff method. Data table Requirements 1. Compute the cost of the special shipment destroyed using the following: a. Sales value at splitoff method b. Physical-measure method (pounds of finished product) 2. What joint-cost-allocation method would you recommend Quality Chicken use? Explain

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