Farm Bred 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 $40. A special shipment of 75 pounds of breasts and 15 pounds of wings has been destroyed in a fire. Farm Bred Chicken's insurance policy provides reimbursement for the cost of the items destroyed. The insurance company permits Farm Bred Chicken to use a joint-cost-allocation method. The splitoff point is assumed to be at the end of the production process. Pounds of product Breast Wings Thighs Bones Feathers Total 90 25 35 45 5 Wholesale selling price per pound $ 0.50 $ 0.30 $ 0.40 $ 0.10 $ 0.05 Sales value at splitoff Weighting: Sales value at splitoff Joint costs allocated Allocated costs Data table Pounds of Parts Product Wholesale Selling Price per Pound When Production is Complete Breasts 90 $ 0.50 Wings 25 0.30 Thighs 35 0.40 Bones 45 0.10 Feathers 5 0.05 Print Done - chicken is disassembled A special shipment of 75 pounds of breasts and 15 pounds of wings has Requirements 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 Farm Bred Chicken use? Explain. Print Done