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 $120,000, and the following quantities of product and sales revenues were produced. Product Feed Pounds Price per Pound 100,000 $0.70 Flour Starch 50,000 2.20 20,000 1.00 How much of the $120,000 cost should be allocated to feed if the value basis is used? Multiple Choice $12,250. $42,000. $45,000. $70,000. $100,000