Pirate Seafood Company purchases lobsters and processes them into tails and flakes. It sells the lobster tails for $19.10 per pound and the flakes for $14.30 per pound. On average, 100 pounds of lobster are processed into 57 pounds of tails and 25 pounds of flakes, with 18 pounds of waste. Assume that the company purchased 3,300 pounds of lobster for $4 per pound and processed the lobsters with an additional labor cost of $6,600. No materials or labor costs are assigned to the waste. If 1,738 pounds of tails and 737 pounds of flakes 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.) Market Allocated Yield Value Cost Cost Cost per 3.300 lb per 3,300 lb. purchase Percent of Market Value 3,300 allocatedpound pound purchase to be per purchase % of Mkt Numeratenominatoalue Lobster Tails 0 Lobster Flakes Totals 1) What is the allocated cost of the sold items? Cost of Goods Sold Cost per Pounds sold pound Lobster $ Tails 0.00 Lobster $ Flakes 0.00 $ Totals 2) What is the allocated cost of the ending inventory? Bund OO iaila Lobster 0 Flakes Totals 1) What is the allocated cost of the sold items? 0 Cost of Goods Sold Cost per Pounds pound sold Lobster $ Tails 0.00 Lobster $ 0.00 Flakes $ Totals 2) What is the allocated cost of the ending inventory? Pounds Cost of Ending Cost per in pound ending Inventory inventory Lobster 0.00 Tails Lobster $ Flakes 0.00 Totals