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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 $440,00 produced. Product Pounds Price per Pound Feed 120, 009 $1.60 Flour 47, 000 2.30 Starch 17, 060 4.09 How much of the $440,000 cost should be allocated to feed if the value basis Is used? (Round your Intermediate percentage to the nearest whole percent) Multiple Choice O $0. O $180,400. O $120,000. O $160,000 O $440,000
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