E16-22 (similar to) Question Help Organic Chicken grows and processes chickens. Each chicken is Organic Chicken's management wants to use the sales value at disassembled into five main parts Organic Chicken is computing splitoff method. However, management wants you to explore the the ending inventory values for its July 31, 2017 balance sheet effect on ending inventory values of classifying one or more Ending inventory amounts on July 31 are 17 pounds of breasts, 3 products as a byproduct rather than a joint product pounds of wings, 9 pounds of thighs, 8 pounds of bones, and 2 2 (Click to view information on the sales value at splitoff pounds of feathers method :) Read the requirements Requirement 1. Assume Organic Chicken classifies all five products as joint products. What are the ending inventory values of each product on July 31, 2017? (Round your answers to the nearest cent Enter an amount for each product including zero balances) Product Ending inventory value Breasts Wings Thighs Bones Feathers Total Enter any number in the edit fields and then click Check Answer. ? 5 parts remaining Clear All Check Answer breasts products. as a bvoroduct rather than a joint product Reference - X Breast Wings Thighs Bones Feathers Total ach 150 30 Pounds of product Wholesale selling price 30 75 15 300 per pound $ 0.70 $ 0.25 $ 0.35 $ 0.05 Sales value at splitoff $ 105.00 $ 0.10 $ 7.50 $ 7.50 $ 10.50 $ 0.75 $ 131 25 Weighting Sales Value 0.800 0.057 0 080 0.057 at splitoff Joint costs allocated 0.006 1.000 64.00 $ 4.56 $ 6.40 $ 4.56 $ 0.48 $ 80.00 Allocated costs per pound $ 0.4267 $ 0 1520 $ 0.2133 $ 0.0608 $ 00320 Print Done e i Requirements I ES 1. Assume Organic Chicken classifies all five products as joint products. What are the ending inventory values of each product on July 31, 2017? Assume Organic 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 erl Print Done E16-22 (similar to) Question Help Organic Chicken grows and processes chickens. Each chicken is Organic Chicken's management wants to use the sales value at disassembled into five main parts Organic Chicken is computing splitoff method. However, management wants you to explore the the ending inventory values for its July 31, 2017 balance sheet effect on ending inventory values of classifying one or more Ending inventory amounts on July 31 are 17 pounds of breasts, 3 products as a byproduct rather than a joint product pounds of wings, 9 pounds of thighs, 8 pounds of bones, and 2 2 (Click to view information on the sales value at splitoff pounds of feathers method :) Read the requirements Requirement 1. Assume Organic Chicken classifies all five products as joint products. What are the ending inventory values of each product on July 31, 2017? (Round your answers to the nearest cent Enter an amount for each product including zero balances) Product Ending inventory value Breasts Wings Thighs Bones Feathers Total Enter any number in the edit fields and then click Check Answer. ? 5 parts remaining Clear All Check Answer breasts products. as a bvoroduct rather than a joint product Reference - X Breast Wings Thighs Bones Feathers Total ach 150 30 Pounds of product Wholesale selling price 30 75 15 300 per pound $ 0.70 $ 0.25 $ 0.35 $ 0.05 Sales value at splitoff $ 105.00 $ 0.10 $ 7.50 $ 7.50 $ 10.50 $ 0.75 $ 131 25 Weighting Sales Value 0.800 0.057 0 080 0.057 at splitoff Joint costs allocated 0.006 1.000 64.00 $ 4.56 $ 6.40 $ 4.56 $ 0.48 $ 80.00 Allocated costs per pound $ 0.4267 $ 0 1520 $ 0.2133 $ 0.0608 $ 00320 Print Done e i Requirements I ES 1. Assume Organic Chicken classifies all five products as joint products. What are the ending inventory values of each product on July 31, 2017? Assume Organic 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 erl Print Done