A dairy allocates the cost of unprocessed milk to the production of milk, cream, butter and cheese. For the current period, unprocessed milk was purchased for $360,000, and the following quantities of product and sales revenues were produced. Product Pounds Price per Pound Milk 170,000 $1.60 Cheese 57,000 2.90 Butter 27,000 8.00 Cream 17,000 10.00 How much of the $360,000 cost should be allocated to milk? (Do not round your intermediate calculations.)