Tasty Chicken grows and processes chickens. Each chicken is disassembled into five main parts. Tasty Chicken is computing the ending inventory

values for its July $31,2020,$ balance sheet. Ending inventory amounts on July $31$ are $23$ pounds of breasts, $2$ pounds of wings, $10$ pounds of thighs,

$8$ pounds of bones, and $2$ pounds of feathers.

Tasty Chicken's management wants to use the sales value at splitoff method. However, management wants you to explore the effect on

ending inventory values of classifying one or more products as a byproduct rather than a joint product.

$($Click to view information on the sales value at splitoff method.$)$

Read the requirements.

Reference

Requirements

Assume Tasty Chicken classifies all five products as joint products. What are the ending

inventory values of each product on July $31,2020?$

Assume Tasty Chicken uses the production method of accounting for byproducts. What are the

ending inventory values for each joint product on July $31,2020,$ 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 $2.$

I NEED ALL REQUIREMENTS!!! LAST TIME GOT THE WROMG INFO, PLEASE REFERENCE