Question: Quality Chicken grows and processes chickens, Each chicken is disassembled into ve main parts Information pertaining to production in July 2020 follows a (Click the

 Quality Chicken grows and processes chickens, Each chicken is disassembled into

Quality Chicken grows and processes chickens, Each chicken is disassembled into ve main parts Information pertaining to production in July 2020 follows a (Click the icon to View the information.) Joint cost at production in July 2020 was $100 Read the @uirements Aspecial shipment of 60 pounds of breasts and 15 pounds efwings has been destroyed in a re, Quality Chicken's insurance policy proVides reimbursement for the cost of the rtems destroyed The insurance company permits Quality Chicken to use a Jointecosteallecation method, The splitoff point is assumed to be at the end of the production process, Requirement 1a. Compute the cost of the special shipment destroyed using the sales value at splitotf method Complete the table below to assist you (Round the weighting to three decimal places and the allocated costs per pound to four decimal places Round all other amounts to the nearest cent) Breast Wings 111igl|s Bones Feathers Total Pounds of product Wholesale selling price per pound Sales value at splitoff Weighting Sales value at splitoff .loint costs allocated Allocated costs per pound Enter any number in the ed Help Me Solve This 200 50 100 140 10 5 0 40 5 0,25 5 0,35 5 0,15 5 0,10 Requirements 1. Compute the cost of the special shipment destroyed using the followmg a. Sales value at spliteft method h. Physical-measure method (pounds of nished product) 2. What jointrcosteallocation method would you recommend Quality Chicken use? Explain Data Table Pounds of Wholesale Selling Price per Pound Parts Product When Production is Complete Breasts 200 5 0 40 Wings 50 0 25 Thighs 100 0 35 Bones 140 0 15 Feathers 10 0 10 eck

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!