Farm Bred 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.) 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. Read the requirements. Joint cost of production in July 2017 was $60. 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. Breast Thighs Bones Feathers Total Wings 25 125 35 55 10 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. $ 0.70 $ 0.25 $ 0.35 $ 0.05 $ 0.05 Pounds of product Wholesale selling price per pound Sales value at splitoff Weighting: Sales value at splitoff Joint costs allocated Allocated costs Print Done Data Table per pound Parts Pounds of Wholesale Selling Price per Pound Product When Production is complete 125 $ 0.70 25 0.25 Breast Wings Thighs Bones 35 0.35 55 0.05 Feathers 10 0.05 Enter any number in the edit fields and then click Check Answer. parts Clear All Print Done ver remaining