Pirate Seafood Company purchases lobsters and processes them into tails and flakes. It sells the lobster tails for $21.00 per pound and the flakes for $14.30 per pound. On average, 100 pounds of lobster are processed into 60 pounds of tails and 26 pounds of flakes, with 14 pounds of waste. Assume that the company purchased 3,800 pounds of lobster for $4 per pound and processed the lobsters with an additional labor cost of $6,200. No materials or tabor costs are assigned to the waste. If 2,149 pounds of tails and 899 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.) Cost to be allocated Allocated cost 3.800 pound purchase Cost per pound Yield per Market Value 3,800 lb. per 3.800 lb. Percent of Market value purchase purchase Numerator Denominator of Mkt Value Lobster Tails Lobster Flakes Totals 1) What is the allocated cost of the sold items? Cost per Pounds sold Cost of pound Goods Sold Lobster Tails $ 0.00 Lobster Flakes $ 0.00 Totals $ 3) What is the allocated cost of the ending Inventory? Pounds in Cost of anding Ending pound Inventory Inventory Lobster Tails $ 0.00 Coup Yield per 3,800 lb. purchase Market Value per 3,800 lb. purchase Percent of Market Value Cost to be allocated Allocated cost 3,800 pound purchase Cost per pound Numerator Denominator % of Mkt Value Lobster Tails Lobster Flakes O o 0 Cost per Totals 1) What is the allocated cost of the sold items? Cost of pound Pounds sold Goods Sold Lobster Tails $ 0.00 Lobster Flakes $ 0.00 Totals $ 0 2) What is the allocated cost of the ending Inventory? Cost per Pounds in Cost of pound ending Ending Inventory Inventory Lobster Tails $ 0.00 Lobster Flakes $ 0.00 Totals 0