The Seattle Recycling Company (SRC) purchases old water and soda bottles and recycles them to produce plastic covers for outdoor furniture. The company processes the bottles in a special piece of equipment that first melts, then reforms the plastic into large sheets that are cut to size. The edges from the cut pieces are sold for use as package filler. The filler is considered a byproduct. The company purchased and processed 120.000 pounds of bottles at a cost $600,000 to produce 30.000 table covers, 90.000 chair covers and 5000 package fillers SRC sold 25.000 table covers for $12 each. 80,000 chair covers for $8 each and 5,000 pounds of package filler at $1 per pound. The following table summarizes the above information Table Covers Chair Covers Package fillers Production 30.000 90.000 6.000 25.000 80,000 5.000 12 8 Assume that scallocates the joint costs to table and chair covers using the sales value at split off method and accounts for the byproduct using the production method. What is the ending inventory cost for each product? Sales Seletrone 155000, 14000 and o 3300000 and 1000 None of the above 23.000.352000 and 1000 165000. 352000 and o Seattle Manufacturing purchases trees from Cascade Lumber and processes them up to the split off point where two products (paper and pencil casings) are obtained. The products are then sold to an independent company that markets and distributes them to retail outlets. The following information was collected for the month of November: Production: 100 trees produced to yield paper 60.000 sheets pencil casings 60.000 paper 58.000 at 50.08 per page pencil casings 55.000 at 50.20 per casing Sales cost of purchasing 100 trees and processing them up to the split off point to yleld 60.000 sheets of paper and 60.000 pencil casings is $8000 the physical units method is used to allocate joint costs How much joint costs are allocated to the paper and pencil casines respectively Select one 4000 and 4000 3000 and 5000 5800 and 2200 5000 and 3000 Type here to search hop