Chapter 9 question 14I'm confused by this. There's another one #2 asking what is it he allocated cost of the ending inventory?

conotexternal_browser=0&launchUrl=https%2534%2525%252Flearn.liberty.edu%252Fwebapps%252Fportal%252.. # M Gmail YouTube Maps Citation Machine Readi Chapter 9 Homework Saved Help Save & Exit Submit Check my work 14 Pirate Seafood Company purchases lobsters and processes them into tails and flakes. It sells the lobster tails for $19.60 per pound and the flakes for $15.90 per pound. On average, 100 pounds of lobster are processed into 61 pounds of tails and 28 pounds of flakes, with 11 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 $7,000. No materials or labor costs are assigned to the waste. If 1,926 pounds of tails and 865 pounds of flakes are sold, calculate the allocated cost of the sold items and the allocated cost of the ending inventory. The company allocates 2 joint costs on a value basis. (Round your answers to nearest whole number. Round cost per pound answers to 2 decimal places.) points Skipped Yield per Market Value 3,400 lb. Percent of Market Value Cost to be Allocated cost allocated 3,400 pound Cost per per 3,400 lb. pound purchase purchase purchase eBook Numerator Denominator % of Mkt Value Hint Lobster Tails O Print Lobster Flakes O Totals 0 1) What is the allocated cost of the sold items? Cost per Pounds sold Cost of pound Goods Sold Lobster Tails $ 0.00