A company processed raw milk for $280,000. This raw milk can be converted into the following types of milk with listed sales values: Joint Products Whole milk 2% milk Skim milk Total Sales Value $ 66,200 105,400 92,400 $ 264,000 Using the value basis, the total cost allocated to skim milk is: Multiple Choice $111,788 $98,000 $101,832 $70,212 $46,200