E16-22 (similar to) Question Help A-One Chicken grows and process chickens. Each chicken is disassembled to live main parts A-One Chicken's management wants to use the sales value at splitoff method. However, management A-One Chicken is computing the ending inventory values for its July 31, 2017 balance sheet Ending want you to explore the effect on ending inventory values of dailying one or more products as a inventory amounts on July 31 are 23 pounds of breasts pounds of wings, 8 pounds of thighs, 5 pounds of byproduct rather than a joint product bones and 3 pounds offers Co ntoon antes method) Read the rourements 0 Reference cant Emeran Requirement 1. Assume A-One Chicken dassifies all five products as joint out for at product d e vances Product Ending very value Breast 150 Wings 30 Thighs 30 Bones 76 Feathers 15 Total 300 - Wings Thighs $ $ 0.50 $ 75.00 $ 0.305 300 $ 0.35 $ 10.50 $ 0055 3755 0.10 150 3 99.75 Pounds of product Wholesale sing price per pound Spo We Sale a spol Joint costs located Ald 0.752 0.105 0.000 720 $ 0.105 40 $ 0.008 30 0.015 20 $ 1.000 0.00 3 $ 0.4911 5020 S2800S 00S 000 Enter any number in the edities and then click Check Answer Print Dono 5 5 parts g d into five main parts. A-One Chicken's management wants to use the sales value at splitoff method. However, management balance sheet. Ending wants you to explore the effect on ending inventory values of classifying one or more products as a pounds of thighs, 5 pounds of byproduct rather than a joint product. (Click to view information on the sales value at splitoff method.) Read the requirements. 0 Reference 15 cent. Enter an Thighs Bones Feathers Total Breast 150 Wings 30 15 300 0.10 $ $ 0.50 $ 75,00 $ 0.30 $ 9.00 $ 0.35 $ 10.50 $ 0.05 0.05 $ $ 3.75 $ 1.50 $ 99.75 Pounds of product Wholesale selling price per pound Sales value at splitoff Weighting: Sales Value at splitoff Joint costs allocated Allocated costs per pound 0.752 60.16 $ 0.090 7.20 $ 0.105 8.40 $ 0.038 3.04 $ 0,015 1.20 $ 1,000 80.00 $ $ 0.4011 $ 0.2400 $ 0.2800 $ 0.0405 $ 0.0800 Print Done nswer Read the requirements. Requirements 1. Assume A-One Chicken classifies all five products as joint products. What are the ending inventory values of each product on July 31, 2017? 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, 2017, 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. Print Done