Requirements Choice Chicken grows and processes chickens. Each chicken is disasse computing the ending inventory values for its July 31, 2017, balance she pounds of breasts, 5 pounds of wings, 9 pounds of thighs, 10 pounds of Requirement 2. Assume Choice Chicken uses the production method of bones, and feathers are byproducts? Begin by selecting the formula to calculate the joint costs to be allocate 1. 2. 3. Assume Choice Chicken classifies all five products as joint products. What are the ending inventory values of each product on July 31, 2017? Assume Choice Chicken uses the production method of accounting for byproducts. What are the ending inventory values for each joint product on July 31, 2017, assuming breasts and thighs are the joint products and wings, bones, and feathers are byproducts? Comment on differences in the results in requirements 1 and 2. at splitoff method. However, management he or more products as a byproduct rather ethod.) hing breasts and thighs are the joint produc Joint costs $ 70.00 NRV of byproducts $ 18.75 = = $ Now use the table below to calculate the allocated costs per pound for Breast Thighs Total 120 30 Pounds of product Wholesale selling price per pound $ 0.50 $ 0.45 Sales value at splitoff $ 60.00 $ 13.50 Weighting: Sales value at splitoff Joint costs allocated Allocated costs per pound Enter any number in the edit fields and then click Check Answer. parts 2 remaining Print Done Breast Wings Thighs Bones Feathers Total d costs per pound to four decimal plac 120 45 30 90 15 300 Pounds of product Wholesale selling price per pound $ 0.50 $ Sales value at splitoff $ 60.00 $ 0.20 $ 0.45 $ 9.00 $ 13.50 $ 0.10 $ 9.00 $ 0.75 $ 92.25 0.05 Weighting: Sales Value at splitoff 0.650 0.098 Joint costs allocated Allocated costs $ 45.50 $ 0.146 0.098 6.86 $ 10.22 $ 6.86 $ 0.008 1.000 0.56 $ 70.00 per pound $ 0.3792 $ 0.1524 $ 0.3407 $ 0.0762 $ 0.0373 Print Done Clear All MacBook Pro Check Ans