I have killed and cut/wrapped over 20 cow elk in my life. I have scaled some of them. I have seen one go 475 with hide and hooves and it was much bigger than average. Most will hang hide on hooves on @ 400-450 on my scale. I cut and wrap my own and do not include any bones in my meat. I average 120ish pounds of meat. I'm not afraid to toss any bloodshot, hairy, or silver tissue rich meat. I would guess my scrap box of meat and tissue runs 20lbs +/-.
At 116 pounds I'd say your numbers are right on for a picky wrapper.