Exercise 24-02 (Video) Cheyenne Itzek manufactures and sells homemade wine, and he wants to develop a standard cost per gallon. The following are required for production of a 50-gallon batch 2450 ounces of grape concentrates $0.07 per ounce 54 pounds of granulated sugar at $0.50 per pound 60 lemons at $0.85 each 200 yeast tablets at $0.29 each 250 nutrient tablets at 0.11 each 2.900 ounces of water w $0.005 per ounce Cheyenne estimates that 2% of the grape concentrate is wasted, 10% of the sugar is lost, and 25% of the lemons cannot be used Compute the standard cost of the ingredients for one galon of wine. (Round intermediate calculations and final answer to 2 decimal places, e.g. 1.25.) Standard Cost Per Gallon Click if you would like to Show Work for this question Open Shoe