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The Olympia Recycling Company (ORC) 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. ORC can produce 20 table covers, 79 chair covers and 9 pounds of package filler from 100 pounds of bottles. (Click the icon to view additional information.) Read the requirements. More info Now complete the statement below for ORC. (Do not round intermediary calculations. O In June, ORC had no beginning inventory. It purchased and processed 110,000 pounds of bottles at a cost of $660,000. ORC sold 20,000 table covers for $15 each, 78,000 chair covers for $10 each, and 7,000 pounds of package filler at $0.70 per pound. The Olympia Recycling Company (ORC) 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. ORC can produce 20 table covers, 79 chair covers and 9 pounds of package filler from 100 pounds of bottles. (Click the icon to view additional information.) Read the requirements. More info Now complete the statement below for ORC. (Do not round intermediary calculations. O In June, ORC had no beginning inventory. It purchased and processed 110,000 pounds of bottles at a cost of $660,000. ORC sold 20,000 table covers for $15 each, 78,000 chair covers for $10 each, and 7,000 pounds of package filler at $0.70 per pound