Pirate Seafood Company purchases lobsters and processes them into talls and flakes. It sells the lobster talls for $19.60 per pound and the flakes for $15.20 per pound. On average, 100 pounds of lobster are processed into 54 pounds of tails and 29 pounds of flakes, with 17 pounds of waste. Assume that the company purchased 3.500 pounds of lobster for $4 per pound and processed the lobsters with an additional labor cost of $5.900. No materials or labor costs are assigned to the waste. If 1,752 pounds of tails and 931 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 3,500 lb purchase Market Value per 3,500 lb purchase Percent of Market Value Cost to be Allocated Allocated cost 3,500 pound purchase Cost per pound Numerator Denominator % of Mkt Value 0 Lobster Tails Lobster Flakes 0 0 0 Touls 1) What is the allocated cost of the sold items? Cost per Cast of Pounds sold pound Goods Sold Lobster Tails s 0.00 Lobster Flakes $ 0.00 Totals $ 21 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 5 0.00 Totals $