Requirement $1.$ Assume Quality Chicken classifies all five products as joint products. What are the ending inventory values of each product on July $31,2020?($Round your answers to the nearest

cent. Enter an amount for each product including zero balances.$)$ parts. Quality Chicken is computing the ending inventory values for its July $31,2020,$ balance

sheet. Ending inventory amounts on July $31$ are $15$ pounds of breasts, $4$ pounds of wings, $6$

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

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.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 $15$ pounds of$$ breasts, $4$ pounds of$$ wings, $6$ pounds of$$ thighs, $5$ pounds of$$ bones, and $2$ pounds of feathers.

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Part $1$

Quality $$Chicken$\text{'}$s management wants to use the sales value at splitoff method.$$ 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.

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

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Part $1$

Requirement $1.$ Assume Quality Chicken classifies all five products as joint products. What are the ending inventory values of each product on July$31,2020?($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