Williams Company began operations in January 2019 with two operating selling departments and one service foflice department its departmental income statements follow WILLIS COMPANY Departmental Income Statements For Year Ended December 31, 2019 Clock Mirror Combined $ 150,eee $115,000 5 265,000 73,5ee71,300 144,800 T Cost of goods sold Direct expenses Sales salaries 28,80 7,00 500 27,800 2.500 Total direct expenses Allocated expenses Utilities sense Share of office departuent expenses Total allocated expenses Total expenses Net Income T12 Williams plans to open a third department in January 2020 that will sell paintings Management predicts that the new department will generate $50.000 in sales with a 45% gross pront margin and will require the following direct expenses sales salaries. $6,500 advertising. $1,000, store supplies, $600, and equipment decreciation $900, it will for the new department into the current rented space by taking some square footage from the other two departments when opened the new Painting department will fill one-fifth of the space presently used by the Clock department and one fourth used by the Mirror department Management does not predict any increase in utilities costs, which are allocated to the departments in proportion to OO d space for rent expensel. The company allocates office department expenses to the operating departments in proportion to their snies it expects the Painting department to increase total office department expenses by $7600. Since the pointing department will bring new customers into the store management expects sales in both the clock and Mirror departments to increese by 10%. No changes for those departments grass protit percents or their direct expenses are expected except for store supplies used, which will increase in proportion to sales Required: Prepare departmental income statements that show the company's predicted results of operations for entendar year 2020 for the three operating selling departments and their combined tons (Do not found intermediate calculations. Round your final answers to nearest whole dollar amount.) & Answer is not complete. WILLIAMS COMPANY Forecasted Departmental income Statements For Year Ended December 31, 2020 Cook Murat Paintings increase in utilities costs, which are allocated to the departments in proportion to occupied space for rent expense) The company allocates office department expenses to the operating departments in proportion to the sales. It expects the Painting department to increase total office department expenses by $7600 Since the Painting department will bring new customers into the store, management expects sales in both the Clock and Mirror departments to increase by 10%. No changes for those departments grass profit percents or their direct expenses are expected except for store supplies used, which will increase in proportion to Sales Required Prepare departmental income statements that show the company's predicted results of operations for calendar year 2020 for the three operating (selling) departments and their combined totals (Do not found intermediate calculations, Round your final answers to nearest whole dollar amount.) R Answer is not complete. WILLIAMS COMPANY Forecasted Departmental income statements For Year Ended December 31, 2020 Mirror S 166.500 $ 2760 81,565 16 4915 48 507 Pats 65,000 16 800 Combined S 342.150 1 77528 Cost of goods sold GON pro Cirect expenses 6500 34000 3 Advertising OoOo 210000 1.700 TITO 1.700 100 300 100 000 00 2,080 2010 676 9000 3.614 2009 11.070 1145 5.100 390.00 11.775 13.50 2020 $ 158 Pyay 16 of Pirate Seafood Company purchases lobsters and processes them into tails and makes sells the lobster tails for $20.10 per pound and the flakes for $1.50 per pound. On average. 100 pounds of lobster are processed into 60 pounds of tails and 26 pounds of flakes with 14 pounds of waste. Assume that the company purchased 3.400 pounds of lobster for $4 per pound and processed the lobsters with an additional labor cost of $6.600 No materials or labor costs are assigned to the waste. If 1.902 pounds of tails and 807 pounds of fakes 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 3.000 lb purchase Cost per Market Value per 3.400 th. purchase Percent of Market Value Cest to be allocated Allocated cost 3.400 pound purchase pound Numeror Denerator of Me Value Looster Tails Wate ocated oost of the soldiens? Cost per Pounds sold Cost of Goods Sold pound obster Flakes S 0.00 What is the located cost of the ending inventory Pounds in costo Cast per ending En pound Los Flac $ 0.00