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 160-gallon batch.

3,500 ounces of grape concentrate at $0.06 per ounce

240 pounds of granulated sugar at $0.35 per pound

224 lemons at $0.88 each

320 yeast tablets at $0.27 each

320 nutrient tablets at $0.17 each

1,800 ounces of water at $0.005 per ounce

Hank estimates that 6% of the grape concentrate is wasted, 16% of the sugar is lost, and 29% 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