A dairy allocates the cost of unprocessed milk to theproduction of milk, cream, butter and cheese. For the currentperiod, unprocessed milk was purchased for $240,000, and thefollowing quantities of product and sales revenues wereproduced. Product pounds price per pound milk 100,000 $.90

cheese 50,000 2.20

butter 20,000 1.00

Cream 10,000 3.00 How much of the $240,000 cost should be allocated to milk?