Michael Jones manufactures and sells homemade wine, and he wants to develop a standard cost per gallon. The following are required for production of a 43-gallon batch. 2,580 ounces of grape concentrate at $0.05 per ounce 46 pounds of granulated sugar at $0.30 per pound 51 lemons at $0.60 each 43 yeast tablets at $0.25 each 43 nutrient tablets at $0.20 each 2,230 ounces of water at $0.005 per ounce Michael estimates that 3% of the grape concentrate is wasted, 10% of the sugar is lost, and 24% 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 $