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42. A granary allocates the cost of unprocessed wheat to the production of feed, flour, and starch. For the current period, unprocessed wheat was purchased

42. A granary allocates the cost of unprocessed wheat to the production of feed, flour, and starch. For the current period, unprocessed wheat was purchased for $240,000, and the following quantities of product and sales revenues were produced.

Product Pounds Price per Pound
Feed 100,000 $ 0.90
Flour 50,000 2.20
Starch 20,000 1.00

How much of the $240,000 cost should be allocated to feed if the value basis is used? (Round your intermediate percentage to the nearest whole percent.)

Multiple Choice

$90,000.

$98,400.

$0.

$133,333.

$240,000.

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