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 $260,000, and the following quantities of product and sales revenues were produced. Product Pounds Price per Pound Feed 170,000 $ 2.40 Flour 42,000 2.80 Starch 12,000 9.00 How much of the $260,000 cost should be allocated to feed if the value basis is used? (Round your intermediate percentage to the nearest whole percent.) Multiple Choice

$260,000.

$166,400.

$226,666.

$0.

$408,000.