Millner Chemical Company manufactures and sells Goody, a product that sells for $15 per pound. The manufacturing process also yields 1 pound of a waste product, called Baddy, in the production of every 10 pounds of Goody. Disposal of the waste product costs $2 per pound. During August, the company manufactured 120,000 pounds of Goody. Total manufacturing costs were as follows: Direct materials $ 197,000 Direct labor 98,000 Manufacturing overhead costs 65300 Total costs $ 384,000 Requirement Determine the cost per pound of Goody. (Only complete the necessary answer boxes. Round the cost per pound to the nearest cent.) E E : : ; Total costs |;| Cost per pound of Goody |;|