Question
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 $310,000, and the following quantities of product and sales revenues were produced.
| Product | Pounds | Price per Pound |
| Feed | 160000 | $1.50 |
| Flour | 56000 | $2.80 |
| Starch | 26000 | $7.00 |
How much of the $310,000 cost should be allocated to feed if the value basis is used?
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Healthcare Fraud Auditing And Detection Guide
Authors: Rebecca S. Busch
1st Edition
0470127104, 978-0470127100
