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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 $240,000, and the following quantities of product and sales revenues were produced. |
Product | Pounds | Price per Pound |
Feed | 100,000 | $0.90 |
Flour | 50,000 | 2.20 |
Starch | 20,000 | 1.00 |
How much of the $240,000 cost should be allocated to feed? (Round your intermediate percentage to the nearest whole percent.) |
$90,000.
$0.
$240,000.
$98,400.
$133,333.
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