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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
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 $360,000, and the following quantities of product and sales revenues were produced. Product Pounds Feed Flour Starch Price per Pound 100,000 49,000 $2.00 19.000 2.40 2.00 How much of the $360,000 cost should be allocated to feed if the value basis is used? (Round your intermediate percentage to the nearest whole percent.) Mule Choice $360,000 $201600 50 $200,000 $333
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