%E16-21 (similar to) Question Help Organic Chicken grows and processes chickens. Each chicken is disassembled into five main parts Information pertaining to production in July 2017 is as follows: FR (Click the icon to view the information.) A special shipment of 70 pounds of breasts and 25 pounds of wings has been destroyed in a fire. Organic Chicken's insurance policy provides reimbursement for the cost of the items destroyed. The insurance company permits Organic Chicken to use a joint-cost-allocation method. The splito point is assumed to be at the end of the production process Read the requirements Joint cost of production in July 2017 was $70. Requirement 1. Compute the cost of the special shipment destroyed using the sales value at splitol 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 cont.) Breast Wings Thighs Bones Feathers Total Pounds of product 120 45 30 90 15 Wholesale selling price per pound $ 0.60 $ 0.15 $ 0.35 $ 0.05 $ 0.10 Sales value at splito Weighting: Sales value at splitoff Joint costs allocated Allocated costs per pound Enter any number in the edit fields and then click Check Answer. A parts 4 remaining Clear All Check Answer %E16-21 (similar to) Organic Chicken grows and processes chickens. Each chicken is disassembled into five main parts. Information pertaining to production in July 2017 is as follows: (Click the icon to view the information.) Joint cost of production in July 2017 was $70. A special shipment of 70 pounds of breasts and 25 pounds of wings Chicken's insurance policy provides reimbursement for the cost of th company permits Organic Chicken to use a joint-cost-allocation meth at the end of the production proce55 i Data Table Jer amounts to the ne Pounds of Product Wholesale Selling Price per Pound When Production is complete Parts Breast 120 S 0.60 Requirement 1a. Compute the cost of the special shipment Complete the table below to assist you. (Round the weighting Breast Wings Thig Pounds of product 120 45 Wholesale selling price per pound $ 0.60 $ 0.15 $ Sales value at splitoff Weighting: Sales value at splitoff 0.15 Wings Thighs Bones Feathers Print Done Allocated costs per pound Enter any number in the edit fields and then click Check Answer Clear All A parts remaining ach chicken is disassembled into five main parts. as follows: A special shipment of 70 pounds of breasts and 25 Chicken's insurance policy provides reimbursement company permits Organic Chicken to use a joint-cos at the end of the production process. Read the requirements. shif ewi Requirements 45 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 Organic Chicken use? Explain. -.15 Print Done ck Check Answer Clear All