plz help asap plzz

The Yakima Recycling Company (YRC) purchases old water and soda bottles and recycles them to produce plastc covers for outdoor furniture. The compary procegses the botales in a special piece of equipenent that first melts, then reforms the plastc into large sheets that are cut to size. The edges from the cut pieces are iold for use as package filler The fllier is considered a byproduct YPC can produce 28 table covers, 80 chair covers and 6 pounds of package filler from 100 pounds of bottles (Click the icon to viow additionat information.) Read the requirements Requirement 1. Assume that YRC allocates the joint costs to table and chair covers using the sales value at splitof method and accounts for the byproduct using the production method What is the endhg imventory cost for each product and gross margin for YRC? First, allocate the joint costs. (Round the weighting values to two decimal places.) kima Recycling Company (YRC) purchases old water and soda bottles and recycles them to produce plastic covers for ot cial piece of equipment that first melts, then reforms the plastic into large sheets that are cut to size. The edges from the dered a byproduct. YRC can produce 28 table covers, 80 chair covers and 6 pounds of package filler from 100 pounds of ck the icon to view additional information.) More info In June, YRC had no beginning inventory. It purchased and processed 110,000 pounds of bottles at a cost of $880,000. YRC sold 29,000 table covers for $16 each, 76,000 chair covers for $6 each, and 6,000 pounds of package filler at $0.40 per pound. Recycling Company (YRC) purchases old water and soda bottles and recycles them to produce plastic covers for ou Requirements 1. Assume that YRC allocates the joint costs to table and chair covers using the sales value at splitoff method and accounts for the byproduct using the production method. What is the ending inventory cost for each product and gross margin for YRC? 2. Assume that YRC allocates the joint costs to table and chair covers using the sales value at splitoff method and accounts for the byproduct using the sales method. What is the ending inventory cost for each product and gross margin for YRC? 3. Discuss the difference between the two methods of accounting for byproducts, focusing on what conditions are necessary to use each method