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 50-gallon batch.

2,900 ounces of grape concentrate at $0.08 per ounce

65 pounds of granulated sugar at $0.48 per pound

80 lemons at $0.79 each

150 yeast tablets at $0.28 each

50 nutrient tablets at $0.10 each

1,700 ounces of water at $0.001 per ounce

Hank estimates that 2% of the grape concentrate is wasted, 13% 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. (Carry computations to two decimal places.) (Round unit costs to 2 decimal places, e.g. 2.75.)

Standard Cost Per Gallon

$