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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

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 $250,000, and the following quantities of product and sales revenues were produced.

Product Pounds Price per Pound
Feed 120,000 $1.00
Flour 47,000 2.30
Starch 17,000 4.00

How much of the $250,000 cost should be allocated to feed? (Round your intermediate percentage to the nearest whole percent.)

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