ng Il-Fall 2019 > Assignments > CH 24 HOMEWORK 424 HOMEWORK Send to Gradebook Question 1 iew Policies how Attempt History Current Attempt in Progress Your answer is incorrect 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. 2,940 ounces of grape concentrate at $0.04 per ounce 54 pounds of granulated sugar at $0.50 per pound 60 lemons at $0.80 each 50 yeast tablets at $0.20 each 150 nutrient tablets at $0.16 each 3.000 ounces of water at $0.005 per ounce Hank estimates that 2% of the grape concentrate is wasted, 10% 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. (Round intermediate calculations and final answer to 2 decimal places 1.25 Standard Cost Per Gallons