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The process of making cocoa powder is actually a joint costing process. Specifically, the cocoa beans are processed to produce cocoa butter, cocoa powder, and

The process of making cocoa powder is actually a joint costing process. Specifically, the cocoa beans are processed to produce cocoa butter, cocoa powder, and waste. Suppose that a company processes cocoa beans and has $246 of costs to purchase the beans and separate the beans into butter, powder, and waste. After separating the products, the company has 45 pounds of cocoa butter, 33 pounds of cocoa powder, and 14 pounds of waste. At that point, the company pays a total of $174 to process the butter, $131 to process the powder, and $95 to dispose of the waste. The butter then sells for $597 and the powder sells for $442. The waste is not sold. What is the total cost of the butter if the company allocates joint costs based on constant gross margin method? Round your answer to the nearest whole dollar.

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