Checkm 14 2 DOM Pirate Seafood Company purchases lobsters and processes them into tails and fakes. It sells the lobster tails for $21.00 per pound and the flakes for $15 20 per pound. On average, 100 pounds of lobster are processed into 60 pounds of tails and 27 pounds of flakes, with 13 pounds of waste. Assume that the company purchased 4,000 pounds of lobster for S4 per pound and processed the lobsters with an additional labor cost of $3.900 No materials or labor costs are assigned to the waste. If 2,261 pounds of tails and 1,004 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.) 00 Yield per 4,000 lb purchase Allocated cost Market Value per 4,000 lb purchase Percent of Market Value Cost to be 4,000 pound Cost per allocated purchase pound Numerator Denominator of Mk Vale Lobster Tails Lobster Flakes Totals 1) What is the allocated cost of the soldiers? Cost per Pounds sold Costol pound Goods Sold Lobster Talls Lobster Flat Totals