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 $140,000, and the following quantities of product and sales revenues were produced.

Product	Pounds	Price per Pound
Milk	190,000	$1.80
Cheese	40,000	3.00
Butter	10,000	1.00
Cream	19,000	12.00

How much of the $140,000 cost should be allocated to milk? (Round your intermediate percentage to the nearest whole percent.)

$253,333.

$68,600.

$0.

$342,000.