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5 A granary allocates the cost of unprocessed wheat to the production of feed, flour, and starch. For the current period, unprocessed wheat was purchased
5 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 $310,000, and the following quantities of product and sales revenues were produced. Product Feed Flour Starch Pounds 130,000 78,000 32,500 Price per pound $1.20 2.50 1.20 How much of the $310,000 cost should be allocated to flour if the value basis is used? Multiple Choice $62,400 $189,000 $155,000. $156,000. $390,000
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