Farm Bred Chicken grows and processes chickens. Each chicken is disassembled into five main parts. Information...

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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 $50. A special shipment of 60 pounds of breasts and 25 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. 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.) Pounds of product Wholesale selling price Breast Wings Thighs Bones 125 30 30 60 Feathers Total 5 per pound $ 0.45 $ 0.20 $ 0.40 $ 0.15 $ 0.10 Sales value at splitoff Weighting: Sales value at splitoff Joint costs allocated Allocated costs per pound 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 $50. A special shipment of 60 pounds of breasts and 25 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. 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.) Pounds of product Wholesale selling price Breast Wings Thighs Bones 125 30 30 60 Feathers Total 5 per pound $ 0.45 $ 0.20 $ 0.40 $ 0.15 $ 0.10 Sales value at splitoff Weighting: Sales value at splitoff Joint costs allocated Allocated costs per pound