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	$0.70
Flour	50,000	2.20
Starch	20,000	1.00

How much of the $240,000 cost should be allocated to feed?

$24,500.

$84,000.

$90,000.

$70,000.

$200,000.