Pirate Seafood Company purchases lobsters and processes them into tails and fiakes. It sells the lobster tails for S19.70 per pound and the fakes for $15.90 per pound. On average, 100 pounds of lobster are processed into 53 pounds of tails and 25 pounds of fisakes, with 22 pounds of waste. Assume that the company purchased 3,600 pounds of lobster for 54 per pound and processed the lobsters with an additional abor cost of $8,800. No materials or labor costs are assigned to the waste. If 1,782 pounds of tails and 813 pounds of fakes are sold, calculate the allocated cost of the sold items and the allocated cost of the ending inventory. The company allocates joint costs on a value basis. (Round your answers to nearest whole number. Round cost per pound answers to 2 decimal places.) Allocated cost Cost to be 3,600 pound ound Yield per 3,600 Market Value Cost per Ib. purchase per 3,600 lb. purchase Percent of Market Value allocated purchase Numerator | Denominator | % of Mkt Value Lobster Tails Lobster Flakes Totals 1) What is the allocated cost of the sold items? Cost per pound Cost of Pounds sold Goods Sold Lobster Tails Lobster Flakes Totals 2) What is the allocated cost of the ending inventory? Cost per pound Pounds in ending inventory Cost of Ending nventory Lobster Tails Lobster Flakes Totals