Choice Chicken grows and processes chickens. Each chicken is disassembled into five main parts. Information pertaining to production in July 2020 follows: (Click the icon to view the information.) Joint cost of production in July 2020 was $50. Parts Pounds of Product Wholesale Selling Price per Pound When Production is Complete Breasts 125 $ 0.65 Wings 30 0.30 Thighs Bones Feathers 385 30 0.35 60 0.15 0.05 A special shipment of 40 pounds of breasts and 15 pounds of wings has been destroyed in a fire. Choice Chicken's insurance policy provides reimbursement for the cost of the items destroyed. The insurance company permits Choice Chicken to use a joint-cost-allocation method. The splitoff point is assumed to be at the end of the production process. Read the requirements. Requirement 1a. Compute the cost of the special shipment destroyed using the sales value at splitoff method. Complete the table below to assist you. (Round the weighting to three decimal places and the allocated costs per pound to four decimal places. Round all other amounts to the nearest cent.) Breast Pounds of product Wholesale selling price Wings Thighs Bones Feathers Total 125 30 30 60 5 250 per pound 0.65 $ 0.30 $ 0.35 $ 0.15 $ 0.05 Sales value at splitoff Weighting: Sales value $ 81.25 $ 9.00 $ 10.50 $ 9.00 $ 0.25 $ 110.00 at splitoff 0.739 0.082 0.095 0.082 0.002 1.000 Joint costs allocated Allocated costs $ 36.95 $ 4.10 $ 4.75 $ 4.10 $ 0.10 $ 50.00 per pound $ 0.2956 $ 0.1367 $ 0.1583 $ 0.0683 $ 0.0200 (Round your answers to the nearest cent.) $ 11.82. The cost of the 15 pounds of wings is $ 2.05 The cost of the 40 pounds of breasts is Requirement 1b. Compute the cost of the special shipment destroyed using the physical-measure method (pounds of finished product). Complete the table below to assist you. (Round the weighting to three decimal places, the allocated costs per pound to four decimal places, and the joint costs allocated to the nearest cent.) Breasts Pounds of product Weighting: Physical measures Wings Thighs Bones Feathers 125 30 30 60 Total Joint costs allocated Allocated costs per pound 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 Choice Chicken use? Explain.