Farmer Sheffeld industries Inc is in the business of producing organic foods for sale to restaurants and in local markets. The company uses IFRS and has a June 30 fiscal year end. As an experiment, the company has decided to try raising organic free-range chickens. On May 1, 2023, Farmer Shetfield purchased 80 new hatchlings for cashat a total cost of $780. The company paid cas\&for feed and labour costs of $120 per month to look after the chicks. Their (acceptable) accounting policy is to capitalize these costs. On June 30 , the company estimated that the chickens would mature in mid-October. At year end, the chickens had a fair value of $1.400, and the company would have to transport them to its customers at an average cost of $3 per chicken. On October 30 , all 80 chickens had matured and the compamy sold and shipped 50 of the chickens to one of its key customers for $30 per chicken. Transportation costs were $3 per chicken, as expected. Prepare the journal entries to record the inventory activity relating to the chickens for the month of May. (Credit account titles are outomotically indented when the amount is entered, Do not indent monually. If no entry is required, select "No Entry" for the occount titles and enter 0 for the amounts. List all debit entries before credit entries)