Exercise 23-2 Hank Itzek manufactures and sells homemade wine, and he wants to develop a standard cost per gallon. The following are required for production of a 100-gallon batch.

2,500 ounces of grape concentrate at $0.01 per ounce

183 pounds of granulated sugar at $0.56 per pound

124 lemons at $0.84 each

200 yeast tablets at $0.24 each

200 nutrient tablets at $0.17 each

1,800 ounces of water at $0.003 per ounce

Hank estimates that 6% of the grape concentrate is wasted, 11% of the sugar is lost, and 25% of the lemons cannot be used.

Compute the standard cost of the ingredients for one gallon of wine. (Round intermediate calculations and final answer to 2 decimal places, e.g. 1.25.)

Standard Cost Per Gallon? $