Hank Itzel manufactures and sells homemade wine, and he wants to develop a standard cost per gallon. The following are required for production of a 480-gallon batch. 2.400 ounces of grape concentrate at $0.07 per ounce 720 pounds of granulated sugar at $0.51 per pound 768 lemons at $0.87 each 1, 920 yeast tablets at $0.29 each 2.400 nutrient tablets at $0.11 each 2, 900 ounces of water at $0,005 per ounce Hank estimates that 2% of the grape concentrate is wasted, 13% of the sugar is lost, and 34% 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