Please include all steps and figures used to reach each solution.

Farm Bred Chicken grows and processes chickens. Each chicken is disassembled into five main parts. Farm Bred Chicken is computing the ending inventory values for its July 31,

2017, balance sheet. Ending inventory amounts on July 31 are 12 pounds of breasts, 3 pounds of wings, 4 pounds of thighs, 6 pounds of bones, and 2 pounds of feathers.

Farm Bred 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.

Assume Farm Bred Chicken classifies all five products as joint products. What are the ending inventory values of each product on July 31, 2017?
2.	Assume Farm Bred Chicken uses the production method of accounting for byproducts. What are the ending inventory values for each joint product on July 31, 2017, assuming breasts and thighs are the joint products and wings, bones, and feathers are byproducts?
3.	Comment on differences in the results in requirements 1 and 2.

Requirement 1. Assume Farm Bred Chicken classifies all five products as joint products. What are the ending inventory values of each product on July 31, 2017? (Round your answers to the nearest cent. Enter an amount for each product including zero balances.)

Product	Ending inventory value
Breasts
Wings
Thighs
Bones
Feathers
Total

ar 10 - X Reference Cald end han me Breast Bones Feathers Total Wings 30 Thighs 50 100 65 5 250 Con am to S 0.45 $ 0.15 5 0.10 Ins Pounds of product Wholesale selling price per pound Sales value at splitoff Weighting Sales Value at splitoff Joint costs allocated 0.55 5 55.00 $ 0 30 5 9.00 $ S 22 50 S 9.75 5 0.50 $ 96.75 0.092 0.233 0 101 0 568 S4260 S 0.005 1.000 038 575 02 6.98 5 17:48 $ 758 S Alocated costs per pound 5 0 42605 0 2327 5 03496 3 0 11665 00760 he RE Done TAIT (Google Word S Skype di costa