Pirate Seafood Company purchases lobsters and processes them into tails and flakes. It sells the lobster tails for $21.10 per pound and the flakes for $15.20 per pound. On average, 100 pounds of lobster are processed into 57 pounds of tails and 28 pounds of flakes with 15 pounds of waste. Assume that the company purchased 3,000 pounds of lobster for $4 per pound and processed the lobsters with an additional labor cost of $7,800. No materials or labor costs are assigned to the waste. If 1,563 pounds of tails and 763 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.) Yield per 3,000 lb. purchase Market Value per 3,000 lb purchase Cost to be allocated Allocated cost 3,000 pound Cost per ercent of Market Value pound purchase Numerator Denominator % of Mkt Value Lobster Tails Lobster Flakes Totals 1) What is the allocated cost of the sold items? Cost per pound Pounds sold Cost of Goods Sold Lobster Tails Lobster Flakes Totals