Hank Itzek manufactores 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. 2,400 ounces of grape concentrate at $0.01 per ounce 54 pounds of granulated sugar at $0.50 per pound 60 lemons at $0.80 each 100 yeast tablets at $0.21 each 100 nutrient tablets at $0.14 each 3,700 ounces of water at $0,005 per ounce Hank estimates that 4% 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 gallon of wine, (Round intermediate calculations and final answer to 2 decimal places. e.3. 1.25.) Standard Cost Per Galion