A granary allocates the cost of unprocessed wheat to the production of

Question

A granary allocates the cost of unprocessed wheat to the production of feed, flour, and starch. For the current period, unprocessed wheat was purchased for $240,000, and the following quantities of product and sales revenues were produced.

Product	Pounds	Price per Pound
Feed	100,000	$0.70
Flour	50,000	2.20
Starch	20,000	1.00

How much of the $240,000 cost should be allocated to feed?
A.$ 24,500.
B.$ 84,000.
C.$ 90,000.
D.$70,000.
E.$200,000.

Answer

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