Farm Grown Chicken grows and processes chickens. Each chicken is disassembled into five main parts. Information pertaining to production in July
follows:
Click the icon to view the information.
Joint cost of production in July was $
A special shipment of pounds of breasts and pounds of wings has been destroyed in a fire. Farm Grown Chicken's insurance policy
provides reimbursement for the cost of the items destroyed. The insurance company permits Farm Grown Chicken to use
a jointcostallocation method. The splitoff point is assumed to be at the end of the production process.
Requirement a Compute the cost of the special shipment destroyed using the sales value at splitoff 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.
Requirements
Compute the cost of the special shipment destroyed using the following:
a Sales value at splitoff method
b Physicalmeasure method pounds of finished product
What jointcostallocation method would you recommend Farm Grown Chicken use? Explain.
Data table
I NEED ALL REQUIREMENTS PLEASE
