Quality Chicken grows and processes chickens. Each chicken is disassembled into five main parts. Quality Chicken is computing the ending

inventory values for its July $31,2020,$ balance sheet. Ending inventory amounts on July $31$ are $12$ pounds of breasts, $7$ pounds of wings, $8$ pounds

of thighs, $5$ pounds of bones, and $2$ pounds of feathers.

Quality 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.

$($Click to view information on the sales value at splitoff method.$)$

Read the requirements.

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