Sheridan 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. 3,465 ounces of grape concentrate at $0.07 per ounce 54 pounds of granulated sugar at $0.40 per pound 60 lemons at $0.70 each 100 yeast tablets at $0.22 each 150 nutrient tablets at $0.14 each 2,600 ounces of water at $0.005 per ounce Sheridan estimates that 1% of tbe 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, e.8, 1.25.) Standard Cost Per Gallon